Unexpected ₹7,788 Deduction from HDFC – Will More Charges Follow?

[Mekala ManojKumar]

Hi everyone,

I have had an HDFC Bank account since 2020, but I haven't used it since 2021. It is a savings account with a ₹10,000 monthly average balance requirement.

Recently, I added some funds to the account, and I noticed an immediate deduction of ₹708 * 11 (a total of ₹7,788). Before the deduction, my account balance was ₹2,59,364.65.

It seems these 11(months AMB) charges are for the following months:

February 2024,March 2024,April 2024
,May 2024,June 2024,July 2024,August 2024,September 2024,October 2024,November 2024,December 2024


I want to understand why these charges were applied. Is it due to non-maintenance of the monthly average balance, or could there be another reason?

Additionally, since I haven't used the account since 2021, is there any chance that similar charges might be applied for the months from 2021 to 2023 as well? If so, should I expect further deductions in the future?

Also, is there any way to reverse or reduce these charges?

Thanks in advance!

 

[Tonymathew]

Had a similar situation last year. Visited the BM. he reversed all the charges except Thai's GST component.

 

[PavvanPavvan is verified member.]

Quite surprising! You can go to RBI now

 

[drvirag]

As per rbi they can't make ac negative balance for mab. U send d mail or visit branch n tell dem u ll complaint rbi regarding this. Most probably they will reverse without rbi

 

[karanssh]

as others mentioned, escalate and fight back against this, its a bit of headache but can surely get it reversed

 

[Sugandh]

This happened with me also. Since the account was inoperative for 3-4 years, they must have deducted some maintenance charges due to which the balance went below 10000. After that they are deducting every month since the balance is below 10000. Just talk to your RM. He will reverse the charges. Also, they are generally not able to reverse charges which are earlier than 6 months. I would also like to point out that these charges are kept in abeyance if the balance goes negative. As and when the money is credited, the charges are deducted.