Central Bank of India · statement narration
ACCT CLOSURE CHG
Also printed as: CLOSURE CHARGES · AC CLOSE CHG · ACCOUNT CLOSING CHARGES · PREMATURE CLOSURE CHG
Decoded
A fee for closing your account within a defined period after opening it.
Hinglish meinAccount khulne ke kuch samay ke andar band karne par lagne wala charge.
- Closed within 14 days of account opening
Closed within 14 days of account opening, Bank’s own figure
From Central Bank of India — General Banking Service Charges
Verified
- Bank’s own figure
- Closed after 14 days but within 12 months
Closed after 14 days but within 12 months, ₹300 + 18% GST
From Central Bank of India — General Banking Service Charges
Verified
- ₹300 + 18% GST
ACCT CLOSURE CHG on your Central Bank of India statement — A fee for closing your account within a defined period after opening it. The bank publishes a rate table, not one figure; the rates are below.
Account closure charge: what other banks publish
Bank’s own figures, before GST. Where a bank publishes several rates, the bar runs from its lowest to its highest — its table below says which applies to whom. Tap a figure for its source.
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What it costs, including GST1 rule · rate table, conditions and waiver
Savings Accounts — General Banking Service Charges · Other
Savings account closure timing
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Closed within 14 days of account opening | ₹0 | — |
| Closed after 14 days but within 12 months | ₹300 | ₹354 |
| Closed after 12 months | ₹0 | — |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Savings Bank account. No closure charge within 14 days; Rs300 after 14 days but within 12 months; Nil after 12 months. Current table also states no closure charge on death and branch transfer is not account closure.
Why it happened and how to avoid it
Why it happened
The account was closed inside the chargeable window after the first transaction.
How to avoid it
Close within the initial free window (commonly 14 days), or wait until the account is over a year old. No charge applies where the account is closed due to the holder's death.
Dispute this chargeRBI dispute template, ready to copy
Official source1 document
- Central Bank of India — General Banking Service Charges
Retrieved 2026-08-15
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