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Closure Notice: Large number of Transactions in your Savings Account
Hi
Received sms from ICICI bank stating below.
Dear Customer, numerous transactions have been carried out in your ICICI Bank Savings Account XX towards business activities, which are not in accordance with the purposes of a Savings Account. Such high value transactions are usually carried out through Current Accounts. Carry out such transactions by opening a Current Account at any ICICI Bank Branch or digitally by visiting https://www.icicibank.com/blogs/current-account... . Your ICICI Bank Savings Account will be closed after 30 days. For the detailed notice,
Is account will be closed automatically after 30days . what action need to be taken from my side.
Please suggest
Yeh kya ho raha hai yahan? I opened account in ICICI bank last month just to get APay credit card and they are closing account. I hope they close my account after I get credit card.
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Its because of government notification. As people were receiving money from business carried out in their personal account. So for income tax purpose government has set a limit. They also have to report all the savings account with large no of transactions to income tax department.
Current govt is making every tax payer and bank holders life hell - but still people *****
@drupal @bikidas2060 I suggest stick to topic with no political allegations. @drupal you should stick to profit vs non-profit nature of pvt banks(this issue is purely profit based btw, if you keep 10 lakh in icici fd then even if you do 1000 upi txns monthly I doubt icici will give anything more than a "gentle reminder" or maybe give you a free zero charge current acc as gift).
I am using icici since last 10 years maintained good balance they gave me free privilege upgrade and never bothered me, yes ofcourse some people open only for daily deposit daily withdrawal that's the problem
Then I would say HDFC is better in this case, i see mostly every year credit debit transactions value exceed 70-80 lacs and some times 1 cr also. And still no msg nothing. And interesting fact is the average balance will be below 5k for whole year in this account. Basically its just there for salary credit, stock sale credit etc.
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No branch visit no jhanjhat of maintenance no annoying calls
Any update 🙁🙁my EMIs linked to this acc , Zerodha acc, CRED Cash ,Zest Money EMI everything .
I don't want this acc to be closed ,if this closes I'll be facing very bad situation.
Domino's effect will take place😥😥😥.
ICICI Bank will be responsible for anything that happens.
Bhai SBI zindabad! Kuch nhi bolte.
Bolte h bhai, they called and warned me to stop large no. Of UPI transaction else get an individual current account.
Any recent updates on this issue
These restrictions only applicable to regular accounts. If anyone want to do high volume of transactions upgrade your accounts to hni accounts they have no restrictions
Anyone account got closed
Waiting for 23rd September, if account will be closed or not
My account is working bro..wat abt urs
I also received same notice from icici..n today is 24th sep n my icici account is not closed n it's working as usual
my account is working 💪, but try avoiding doing upi transactions
Completely stopped doing UPI payments this month...any issues if we transact through imps r neft?
No , I have been doing imps and next wasn't an issue only have an eye for the upi transactions and on the credits over your account
Even my account is still open. As per message, this should be closed by 23Sept. I went to Bank and bank employee told that if you have received message, definitely this will close so keep your balance zero. I tried UPI through pockets but final payment page, changing automatically to pockets UPI. It seems that they have disabled UPI payment.
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