[Resolved]  HDFC Bank — Minimum Balance Charges

I opened an NRO account in estwhile Bank of Panjab, which subsequently merged with Centurion Bank> In this new bank, Centurion Punjab Bank, I had a balance of Rs 5299 on 1.1.2007 in my NRO account number [protected], where as minimum balance requirement was Rs 5000.

On 30.3.2007, the bank charged me Rs 830 as minimum balance charges, and this continued. To avoid further charges I deposited Rs 5000 in my account but deductions continued. When It was taken over by HDFC Bank on 1.7.2008, I had a balance of Rs 7117.82 but bank continued to Deduct Rs 827.25 per quarter from my account [protected]. On my visit to India in November 2009, I was shown a circular which read that my account dropped the stipulated Average Quarterly Balance required to be maintained for the account.

There is no mention of the amount of Average Quaretrly Balance. How I know what it is. I live abroad. I assumed that it is Rs 5000 and I deposited more and more money to see it is more than that but at no stage I was told that it is to be more than Rs 10000. Moreover the quartely charges of Rs 827.25 are very much exhorbitant and the Indian authorities should see that the bank donot charge that much money just for keeping a saving account in the bank.