PNB-ICICI-HDFC Bank Account Holders! Big news…! Government issued a big statement regarding minimum balance in bank account
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Minimum Balance in Bank Account: If you have ever been fined for not maintaining a balance in your bank account, then this news is of use to you. Yes, you may not have to pay the penalty if this happens in future.
After the new rule is made, you will not need to maintain minimum balance. Different amounts of minimum balance are fixed according to different banks and accounts. The account holder has to pay a penalty for not maintaining the minimum balance.
Big statement on minimum balance
Minister of State for Finance Bhagwant Kishanrao Karad had given a big statement recently regarding maintaining minimum balance in the account. He appealed to the Board of Directors of the banks and said that they can take a decision to abolish the penalty imposed on the accounts of those who do not keep the minimum balance. Karad had said that banks are independent bodies. In such a situation, the Board of Directors can waive the penalty for not keeping the minimum amount.
At that time the media had questioned the Minister of State for Finance regarding the maintenance of minimum amount. He was also asked whether the government is considering directing banks that no penalty should be imposed on accounts where deposits are below the prescribed minimum level.
(pc rights of employees)
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