0
What happens if HDFC Bank Balance of Customer is 0 for two months?
Wiki User
∙ 12y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What if you have a negative balance in your bank account for 6 months?
If you have a negative bank balance for six months, the bank is likely to charge you fees and ask you to pay them what you owe. Once the account is back to zero, the bank will likely close that account.
What is the widrawl slip of bank?
A Withdrawal slip is a piece of printed paper that is used by bank customer to withdraw money from their bank accounts. The customer has to write their name, account number and the amount they wish to withdraw, sign it and hand it over to the bank teller. The teller will verify the customers signature and if there is sufficient balance in the account, will give cash to the customer.
How many branches does Indymac Bank have?
Indymac Bank has 33 branches throughout their chain of locations. With these branches clients of the bank can speak to a member of customer service for checks, balance inquiries, etc.
What happens to a bank loan when a person dies?
If the loan is secured, then the collateral is returned to the bank. If the loan is unsecured, like a credit card, then the bank submits the balance to the estate of the deceased.
What happens if you do not close your bank account balance is fall than minimum?
nothing will happen you can put some more money in the bank account to resume it
How much would a customer receive when the customer wishes to close the accounts that he has two accounts with bank A one with a debit balance of RM2000 and the other a credit balance of RM3000?
Customer will raceive RM1000 as a net balance receivable from bank
What if you have a negative balance in your bank account for 6 months?
If you have a negative bank balance for six months, the bank is likely to charge you fees and ask you to pay them what you owe. Once the account is back to zero, the bank will likely close that account.
What do actuary do in a bank?
A bank actuary will be able to evaluate customer accounts to determine if those customers are worth keeping. If a bank customer is frequently overdrawing his account or doesn't keep a certain balance, the bank actuary will make recommendations to the bank. While the bank may or may not be able to close the customer's account, they will treat the customer according to the actuary's evaluation. For example, if a customer consistently keeps a very low balance in a bank account, the bank could decide to start charging the customer administrative fees if she wants to keep the account open.
How do you calculate bank balance?
call the banks customer service and ask for your balance. Make sure all checks and debits have been taken out, if they have not, then subtract them from the balance the bank tells you. That number would be your balance
A customer's check received in settlement of an account receivable is considered cash?
A check received from customer will be credited to his account , hence his earlier debit balance will be reduced . simultaniously it will be debited to bank account , hence bank balance will be increased
What is the process of a bank foreclosure?
Bank foreclosure will first give the customer several months to remove their mortgage. When it cannot be done, the customer loses their asset and it is auctioned off.
What is a bank accountant?
bank account  -noun 1. an account with a bank. 2. balance standing to the credit of a depositor at a bank.
I have a random sample of 60 customers balance in a bank. How do i get the balance of a typical customer is it using the mean formula?
Add the balances and divide by 60.
Is deposit acredit or debit?
If it is customer deposits then it is liability of business to be paid then its balance is credit but if it is deposit with other companies or in bank then it is asset of business and default balance is debit balance.
How are items that is reported as credits on the bank statement represent a additions made by the bank to the company's balances or b deductions made by the bank from the company's balance?
On the banks books a deposit by a customer is as asset of yours but the bank's liability to you. In accounting a liability is reflected as a credit. So your deposit, an increase to your balance, is reflected as a credit on the statement. Conversely a disbursement of funds by a customer is a debit on the statement, reducing the customers balance as well as reducing the banks liability to you . Hope that helps.
Why there is a difference between cash book and bank statement balance in bank?
There may not be difference between cashbook and bank statement balance in bank if all the payments and remittances are debited and credited in the bank account on the month itself.It may not be possible under certain circumstances. For example if a check has been paid to the customer and if the customer has not deposited the check in his/her account naturally the bank account will show an excess balance corresponding to the check in question.Similarly if a check remitted in the account needs clearing from other bank there also possibilities for difference.
Who is able to check balance in bank accounts?
Only two people can check the balance in a bank account. They are:The Customer - who owns and operates the bank accountBank Officials - who work for the bank and run the bankNo one else is allowed to view the balance in a bank account.
