Fees & Charges for your Federal Bank Account

[Anindya98]

Federal Bank Fi Account is charging an account closure fee of 299+ GST on accounts older than 14 days old.

 

[cc_dc_explorer]

Yes, Now a days few banks have added this charge if account closure is done between 14-365 days.

You can either close before first 14 days of account opening or after almost 365 days to avoid charges.

 

[Anindya98]

Yes, Now a days few banks have added this charge if account closure is done between 14-365 days.

This one is understandable.

You can either close before first 14 days of account opening or after almost 365 days to avoid charges.

But see Fi has mentioned account is more than 14 days old. Mine is almost 3Yrs old even I have to pay charges if I want to close the account.

 

[imdjay]

But see Fi has mentioned account is more than 14 days old. Mine is almost 3Yrs old even I have to pay charges if I want to close the account.

These changes should not affect you as the TnC you agreed to while opening the account was different.
If they charge you any money directly go to RBI Ombudsman.

 

[kmkmahesh]

I too planning to close the Fi Account, my account is also opened before 3 years but the app is showing charges for closing. Any tips to proceed further is appreciated.

 

[Anindya98]

I too planning to close the Fi Account, my account is also opened before 3 years but the app is showing charges for closing. Any tips to proceed further is appreciated.

Close the account and complain to RBI.