• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Issue Resolved Canara Bank Account Closed Without Any Reason — What’s Going On?

The highlighted issue has been resolved by the bank/financial institution.
Apply For Lifetime Free IDFC First Credit Card
S9100 said:
Please ask for compensation
Click to expand...

PayKaroAbhi said:
I was thinking about the same but I don't think they'll give any because they've sorted out the thing within 12 hrs itself so better not to bother them.
Click to expand...
Man if u had faced some mental unrest or financial trouble, Yes I would understand but they promptly fixed the mistake as soon as the shutter opened. Dont set a bad example. I am all for sticking it up to banks but I think you should let it slide. You could've asked then to process some CC request or any other thing you wanted done on priority but anything more doesn't sit right with me.
 
Last edited:
after the closing what happened ? . what about the credit balance ?? . Sent by pay order or kept in suspence / miscellaneous account ??? .
 
My friend's icici online account(zero balance) which was opened during pandamic time was closed citing more upi transaction (excluding debit caed one) even for every day use says it was more than their threshold and bank manager in personally said that his account was marked for termination as it causing bank financial loss and not generatting any revenue also more upi transaction was burden on bank so bank has shortlisted it for termination and did it anyways citing more than 180 upi transaction over the past 3 month which makes it businesses category account and for saving account to have such transaction is not viable or permitted in bank(mind it if you are still generating some profit for bank your account won't be terminated even if you make 10 upi transaction a day in saving account).
 
Nadeemkh said:
My friend's icici online account(zero balance) which was opened during pandamic time was closed citing more upi transaction (excluding debit caed one) even for every day use says it was more than their threshold and bank manager in personally said that his account was marked for termination as it causing bank financial loss and not generatting any revenue also more upi transaction was burden on bank so bank has shortlisted it for termination and did it anyways citing more than 180 upi transaction over the past 3 month which makes it businesses category account and for saving account to have such transaction is not viable or permitted in bank(mind it if you are still generating some profit for bank your account won't be terminated even if you make 10 upi transaction a day in saving account).
Click to expand...
You are right. 😁
 
PayKaroAbhi said:
My Bank Account Got Closed Without Warning!

At 10:36 PM, I got an SMS from Canara Bank saying my account is closed—no prior notification, no explanation, nothing!

What’s crazy is I didn’t request for it to be closed. Plus, this account wasn’t sitting idle or dormant—I actually used it for transactions in October 2024, and I even deposited money into it just a few days ago.

Now my balance, which was in six digits, is gone. I can’t see it, I can’t transact, and I have no clue what’s happening.

Has anyone ever faced something like this? Any idea what I should do next? I’m completely stuck and super frustrated.

[ Update: I lodged a complaint on Canara Grievance Redressal Portal and it got forwarded to my branch immediately. I got a call at 10 AM from the branch and the BM asked me to come and requested me only 10 minutes. He was saying that I don't need to panic and he's taking care of the thing. I visited the branch and met BM where he showed me that my account is reopened and funds are reversed with interests. He was saying that the account got closed automatically after one year of account opening because they didn't put a tick on the KYC Due Diligence 'CDD' while opening the account and it is a first incident in their zone. However, My debit card is gone and now I have to apply for it again. Though he promised me to reverse any issuance charges if it gets deducted. I could register on Ai1 app and verified through Aadhar for registration. It was completely their fault in the end. ]

If you are facing anything wrong with this bank, you have to complain here for a fast response:
This Portal worked like a charm and solved my huge problem within 4 hours!
Click to expand...
1000035107.webp

These are not even my account 😂
 
You must log in or register to reply here.

Similar threads

S
APY account Closed Without any approval
Replies
2
Views
382
Pissant
Pissant
Back
Top