Salary account conversion to Regular Savings Account

[AAK]

Salary accounts have some benefits like Zero Balance , account , decent ATM withdrawal limits as well as waiver on certain charges like debit card charges etc.

Has anybody have experience with HDFC ( or any other Bank) salary account being converted to normal savings account automatically on non credit of salary for consecutive 3 months ?
Can I open another salary account in other bank without losing benefits of previous bank ?

 

[mikrotik]

Yes credit card is as good as personal loan. They will come after you.

 

[AAK]

I have an ICICI Salary account which was opened back in 2009. I quit the job in 2010.

It is still a salary account.

In which region ?

 

[Smh]

@godric_gt I still sometime get email statement from icici also I can login to NetBanking. My balance is still 100+ something. No extra charges or any fine was deducted till it was active.

From dormant account bank cannot deduct any charges as bank is not providing any service. And according to the current rules bank cannot make balance negative.

I emailed them several times to close it but they won't.

 

[mikrotik]

I emailed them several times to close it but they won't

In order to close a dormant account, first you need to reactivate by giving complete kyc and then deactivate the account.

 

[manu1991]

Account got converted into Salary Account automatically or did you asked bank people to convert it ?

Had a relationship manager assigned to me, asked them, then it was done, not automatically

 

[Smh]

Before it became dormant I called them, emailed them several times but they wanted to submit offline application at home branch.

so thats how my account became dormant.