[Resolved] ICICI Bank Ltd — Dormant Account
Subject - Dormant Account
Bank ICICI Bank Ltd - Bundh Garden Road - Pune - Maharastra
I have a savings Bank account in Icici in the above Branch.Due to my regular assighnments abroad i did not maintain a minimum balance of Rs 5000/- I came back after 2 years abroad activated my account and deposited Rs 18000/- next day went to ask my balance to my surprise they told me it was Rs 8000/-, when asked they said -As I had not maintained the minimum balance they had to deduct the charges.NOW my question to the bank and the banking regulatory organs, thats RBI -TO what PERIOD of time the Bank goes on charging the amount, is it for a life time which doesnt sound logical at all to me . SO if i for some reason i come back to the bank after say 20 years and activate my account does the Bank cut some lakhs of Rupees from the amount i deposit. I feel the more sensible thing wud be after 3 months the account if not maintained should be frozen and charges for 3 months only sounds reasonable to me .PLEASE let me know whats the correct procedure=Regards
Was this information helpful?
Aug 14, 2020Complaint marked as Resolved