Axis Bank — negative balance in savings account due to non-maintenance of balance.

I had a salary account in axis bank which was converted to savings account since the salary was not being credited for a long time. I tried to transfer some amount in this account through NEFT.
This amount was returned back. Reason stated was credit freeze and I need to visit the branch for that. Since the balance in the account was less than 10000, they started deducting 500Rs. every month.
Now, when I contacted the branch to resume my account credit facility, I came to know that the balance in my account is -5800Rs. Since, the account is 9 years old, I do not want to close it but operate it normally. But they say that as soon as you deposit the amount, it will deduct the negative balance first.
As per RBI guidelines, no bank can create a negative balance in a savings account, then how can Axis bank violate their guidelines. Refer link https://economictimes.indiatimes.com/news/economy/finance/no-negative-balances-in-savings-accounts-rbi/articleshow/5...
Further, I tried to deposit money in my account 4-5 times and everytime it was returned, what is my fault in this matter. I request Axis bank to waive of the negative balance so that I can continue using the services of my savings account.
Was this information helpful?
No (0)
Yes (0)
Axis Bank customer support has been notified about the posted complaint.
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Axis Bank
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    52%
    Complaints
    12956
    Pending
    0
    Resolved
    6557
    Axis Bank Phone
    +91 22 2764 8000
    Axis Bank Address
    Axis Bank Limited Corporate Office, Bombay Dyeing Mills Compound, Pandurang, Budhkar Marg, Worli, Mumbai, Maharashtra, India - 400025
    View all Axis Bank contact information