- Advertisement -
HomePersonal FinanceBig Relief to PNB-ICICI-HDFC bank customers! Now the tension of keeping minimum...

Big Relief to PNB-ICICI-HDFC bank customers! Now the tension of keeping minimum balance in the account is over

- Advertisement -
- Advertisement -

If your account is also in PNB-ICICI-HDFC any of these banks then there is good news for you, now you do not need to keep minimum balance in the account. Let us know what the banks say about it


If you have ever faced penalty for not maintaining balance in your bank account, then this news is useful for you. Yes, it is possible that in future you will not have to pay penalty if this happens. You will not need to maintain minimum balance after the new rule is made. Different amount of minimum balance is fixed according to different bank and account. The account holder has to pay 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 in the last days 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 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 maintaining the minimum amount. He was also asked whether the government is considering giving instructions to the banks that no penalty should be imposed on the accounts in which deposits go below the prescribed minimum level.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
RELATED ARTICLES

Most Popular

Recent Comments