I am a proprietor and own a business, I have two accounts in Axis bank, Current account and Savings account. For the last 3 years I have not used my current account and also not maintained the average balance required hence I was told that my account is dormant and my current lien for current account is Rs. 21, 615.
I want to ask can Axis bank collect the lien from my savings account in case I do not do any transactions in my current account (I have not linked both the accounts). Also what methods can axis bank use to collect the lien amount.
I was told that I cannot close the current account unless I pay the lien amount and hence lien amount is increasing every month. I had surrendered all the cheques and debit card with an application in January and was told that account will be closed in 2-3days, when I enquired on 11th may I was told that I have to pay the lien amount to close the account. For three months nobody contacted me regarding this, Is this right.
Please give advice on above situation.
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