If you have an Axis Bank account with a negative balance, there are a few things you can do to close it. First, try to contact the bank and ask for a refund. If that doesn’t work, you can try to get your money back by filing a complaint with the bank’s customer service department. Finally, if all of these options don’t work and you still have a negative balance on your account, you may be able to close it by using the following steps:

  1. Go to your account history and look for any transactions that took place in the past two months that had an amount greater than your current balance. This will help you identify any transactions that were done in order to bring your account up to its original value.
  2. If there are any transactions that have been done in order to bring your account down below its original value, go ahead and make them aware of this by writing them a letter or email explaining why they should be refunded or why the transaction should not be counted as an event that caused the negative balance on your account.
  3. If all of these steps don’t work and you still have a negative balance on your account, then it may be necessary for you to file for bankruptcy protection in order to get rid of it completely.

The Office of the Comptroller of the Currency states that banks generally won’t close accounts with a negative balance, so even if you ask for it to be closed while it’s in a negative status, the bank is likely to ignore you. A negative balance indicates that you owe money to the bank.

No. You can’t close your bank account if it has a negative balance. After bringing your balance to positive and paying the associated fines, you may only terminate it if it has a positive amount. If you do not fulfill your debt within the timeframe given by your bank, however, your bank might be able to force the closure of your account.

Understand Your Bank’s Overdraft Fees. Remove Yourself from the Account. Balance Your Account. As Soon As Possible, Bring Your Account to a Positive State. Consult with a Bank Manager or Representative. Take Steps to Stop Making Overdrafts in the Future.

After 60 days, most banks will close an overdrawn account, whereas credit unions only have 45 days. The bank closes your account and sends the information to the collections department.

Banks have their own rules regarding how quickly they close negative accounts, which is often determined by the amount of the overdraft and the consumer’s previous bank history. This is when banking loyalty works in your favor. Many people wait 30 to 60 days before closing an account, while others may wait four months.