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my account is in canara bank and i wanted to closed the account but the balance is in -3000 so it can possible to closed the account in negative balance


sachin yadav 17th Oct, 2020
Answer (1)
Avni Mittal 17th Oct, 2020
Hello Sachin ,

You are not allowded to close your bank account with a negative balance.You may only close it after bringing your balance to positive.

You are also required to pay the bank penalties

Only your bank can force closure of your account if you fail to satisfy your debt within the time your bank allows you to do. But generally you are not alloweded to do so.

Hope this answer is helpful for you.

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