as the title suggest: I have almost 1k in interest accrued and thinking to close the account, will bank pay me that? my initial thoughts are that they won't, can someone tell me what will they do? or should I just wait for some weeks?
as the title suggest: I have almost 1k in interest accrued and thinking to close the account, will bank pay me that? my initial thoughts are that they won't, can someone tell me what will they do? or should I just wait for some weeks?
Yes, tell them to transfer it to your other account and they will do it happily.
In statement it will show ACT - account closure Transaction.
PS - i transferred in my other account in the same bank.
Yes, tell them to transfer it to your other account and they will do it happily.
In statement it will show ACT - account closure Transaction.
PS - i transferred in my other account in the same bank.
as the title suggest: I have almost 1k in interest accrued and thinking to close the account, will bank pay me that? my initial thoughts are that they won't, can someone tell me what will they do? or should I just wait for some weeks?
as the title suggest: I have almost 1k in interest accrued and thinking to close the account, will bank pay me that? my initial thoughts are that they won't, can someone tell me what will they do? or should I just wait for some weeks?
Of course, yes. When you give closure request, they will manually calculate the interest accrued till then and give it to you by cheque and close the account. Some banks will do NEFT if you give an alternate account number.
They will send a DD on registered address , dont wry they will not keep your single penny on account closure. In my case BOB calculated intrest just before closing account and asked me to tranfer to some other account thru UPI & in case of axis they sent me a DD on my address.
They will send a DD on registered address , dont wry they will not keep your single penny on account closure. In my case BOB calculated intrest just before closing account and asked me to tranfer to some other account thru UPI & in case of axis they sent me a DD on my address.
Of course, yes. When you give closure request, they will manually calculate the interest accrued till then and give it to you by cheque and close the account. Some banks will do NEFT if you give an alternate account number.
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For example, i downloaded my certificate, in above scenario, we should take both the sum of interest amount and accrued amount as interest income. ?