What happens if you dont pay AMB charge?
Failing to do this attracts and non-maintenance penalty. The minimum balance requirement could range anywhere between Rs 5,000- Rs 10,000 depending on the lender. If a customer fails to maintain this amount in an account, the bank will now charge a penalty of up to Rs 75 per month.
What is AMB charges in J&K bank?
(25 Cheque leaves for Senior Citizens). Nomination facility available. Minimum AMB of Rs. 1000/- for General SB A/C without Cheque Book facility.
How is AMB calculated?
Monthly Average Balance = Sum of closing balance for all days in a month (Day 1 + Day 2 + Day 3 +…… + Day 30) Divided by Number of Days in a month (30).
How can I get HDFC AMB charges?
> Rs. 2,00,000, Rs. 5 per thousand or part thereof, subject to a minimum of Rs. 150….
| Balance Non-Maintenance Charges* | ||
|---|---|---|
| AMB Slabs (in Rs.) | Metro & Urban | Semi Urban |
| >=5,000 to < 7,500 | Rs. 300/- | NA |
| >=2,500 to < 5,000 | Rs. 450/- | Rs. 150/- |
| 0 to < 2,500 | Rs. 600/- | Rs. 300/- |
How can I close my J&K bank account?
Procedure to Close Jammu And Kashmir Bank Limited Current Account
- (1) Fill up the Account Closure Form of Bank.
- (2) Attach your KYC Documents.
- (3) Surrender Balance Cheque Leaves and Passbook.
- (4) Withdraw the Balance Amount in your Bank Account.
Who do the directions of RBI apply to?
(a) The provisions of these Directions shall apply to every entity regulated by Reserve Bank of India, more specifically as defined in 3 (b) (xiii) below, except where specifically mentioned otherwise.
Are there any service charges for AMB?
Service/Transaction charges based on non – maintainence of AMB (as specified above) do not apply to Preferred , Corporate Salary & SuperSaver customers All fees and charges are exclusive of taxes. The charges mentioned in the tariff will attract Goods & Services Tax as applicable
How can I escape from the HDFC bank account charges?
You can not escape from paying such charges. Extant rules provides such charges and every customer is bound to comply with. , Research Scholar of Economics in KIIT University. Unless you pay the average monthly balance charges HDFC Bank may not allow to operate the account. You may ask them to close the account without debiting further changes.
What are the HDFC Bank regular savings account rates & fees?
The HDFC Bank Regular Savings Account Rates & Fees are as follows: Description of Charges. Regular Savings Account. Minimum Average Balance Requirements. Metro / Urban branches: AMB Rs.10,000/-, Semi-Urban Branches: AMB Rs.5,000/- , Rural Branches: AQB Rs.2,500/- or Fixed Deposit of Rs. 10,000 for minimum 1 year 1 day period.