Relief for bank account holders..!! RBI new rules..!!

The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india has come up with new rules regarding minimum balance maintenance penalties in customer bank accounts.
Reserve bank of india has given a new important update regarding minimum balance in bank accounts. What update is it? Let's find out about that. Maintaining a minimum balance in bank accounts is a major problem for many people. Because many people are not clear about it, banks are making money in crores by imposing fines in the name of minimum balance. Common people are especially affected. RBI has come up with a solution for that.

The RBI has come up with new rules on how banks can levy penalties on customers who fail to maintain a minimum balance. If we keep a balance of 500 rupees in our bank account, if we think that we can go and withdraw money for an emergency next month, we will not have that 500 rupees in the bank. Less than that or not even Rs 500 in total. The reason for this is that in the name of minimum balance, they have put the fine and taken that money. Under the Kalaignar Women's Entitlement Scheme, if you receive a thousand rupees in your bank account, they tell you to maintain a minimum balance of 1000 rupees and deduct 150 rupees or 200 rupees.
This month, some banks including bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india, indian bank, Canara bank, indian Overseas bank, etc., have imposed a fine of Rs 100, Rs 150, and up to Rs 200 on much of the money sent to the artist women's rights scheme. Many people complained that only Rs.850, 800 was paid in the bank and no payment was made in the Kalaignar women's rights scheme. Finally, Kalaignar Urimai has been paid in full. However, the banks have said that they have imposed a penalty for non-observance of minimum balance maintenance. There is no doubt that the minimum balance rules are a major headache for many. 1000 Rupees left in the bank for several months and then withdrawing it will not be full. Those who are familiar with the banking rules will know that they have imposed a minimum balance penalty. But ordinary people who do not know about it are worried about where the money has gone. If some people don't have money at the end of the month and go to withdraw 1,000 or 500 from the bank, then that money will be deposited as a favorite.

RBI has come up with a new avenue for customers who are facing many such problems. Minimum Balance has sent the rules regarding the new rule to all categories. Find out about it. The RBI has said that no penalty should be levied on bank accounts that have not made any transactions for more than two years, as those bank accounts should be treated as inactive accounts. At the same time, bank accounts opened for receiving a work-study scholarship or government-subsidized scholarship should not be treated as non-performing loans. It said that even though no verification was done on those bank accounts for more than two years, they should be treated as active accounts.

Similarly, if these bank accounts are zero balance accounts, RBI has said that no fee should be charged as per the new regulation. Also inform its customers about accounts that are not maintained for more than two years through SMS, letters, or email. RBI has come up with rules not to hold money from customers who do not maintain a minimum balance in government-subsidized bank accounts.
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Sowmiya Sriram

28/10/2024 01:54 PM