I have a savings account with Fi Money which has been non-operative for the last few years. The account balance is now negative, apparently due to minimum balance non-maintenance charges.
As per RBI rules, in such cases:
Do I need to clear this negative balance if I request the bank to close...
I will start with mine. I have dormant accounts in these banks.
1. BOI—This account was opened during my college days. Did not use it after a a couple of years of use & it was marked dormant by the bank.
2. PNB—It was opened as a student account, which was a zero-balance account, but DC charges...