807 Views

my account is in canara bank and i wanted to closed the account but the balance is in -3000 so it can possible to closed the account in negative balance


sachin yadav 17th Oct, 2020
Answer (1)
Avni Mittal 17th Oct, 2020
Hello Sachin ,

You are not allowded to close your bank account with a negative balance.You may only close it after bringing your balance to positive.

You are also required to pay the bank penalties

Only your bank can force closure of your account if you fail to satisfy your debt within the time your bank allows you to do. But generally you are not alloweded to do so.

Hope this answer is helpful for you.

Related Questions

Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
Amrita University B.Tech 2026
Apply
Recognized as Institute of Eminence by Govt. of India | NAAC ‘A++’ Grade | Upto 75% Scholarships
UPES Integrated LLB Admission...
Apply
Ranked #18 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS Rankings | 16 LPA Highest CTC
Great Lakes Institute of Mana...
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.8 LPA Avg. CTC for PGPM 2025
Jain University, Bangalore - ...
Apply
NAAC A++ Approved | Curriculum Aligned with BCI & UGC
Amity University, Mumbai Law ...
Apply
Ranked as India’s #1 Not for profit pvt. University by India Today
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books