Federal Bank Limited · 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.
- Savings Bank — Rural / Senior Citizens
- Federal Bank changed this page on 1 October 2026; this figure hasn't been re-confirmed since. Check the official page ↗
Savings Bank — Rural / Senior Citizens, ₹200 + 18% GST
From Federal Bank — Charges for Savings/Current Accounts and Other Liability Products
Verified
- ₹200 + 18% GST
- Savings Bank — Other
- Federal Bank changed this page on 1 October 2026; this figure hasn't been re-confirmed since. Check the official page ↗
Savings Bank — Other, ₹300 + 18% GST
From Federal Bank — Charges for Savings/Current Accounts and Other Liability Products
Verified
- ₹300 + 18% GST
ACCT CLOSURE CHG on your Federal Bank Limited 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
Retail Banking Service Charges · Branch
Closure within 12 months of opening: Rs 200 for the Savings Bank Rural and Senior Citizens variants, Rs 300 for other Savings Bank variants, Rs 400 for Current accounts. No charge if the account is closed within 14 days of the first deposit.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Savings Bank — Rural / Senior Citizens | ₹200 | ₹236 |
| Savings Bank — Other | ₹300 | ₹354 |
| Current account | ₹400 | ₹472 |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Federal Bank liability products closed within 12 months of account opening. The charge differs by account variant and every published variant is named with its own figure in the variant table. No charge if the account is closed within 14 days of the first deposit. GST is additional.
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.
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Official source1 document
- Federal Bank — Charges for Savings/Current Accounts and Other Liability Products
Retrieved 2026-09-05
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