Nowadays every person has a bank account, through which he fulfills his financial needs. It is necessary to follow some rules to withdraw money from the bank account, make transactions and avail other banking services. One of these rules includes maintaining minimum balance.
New rule of minimum balance
Reserve Bank of India (RBI) has recently changed the rules related to Minimum Balance Charges. Now customers will have to maintain the minimum balance amount fixed by the banks in their account. If the account holder does not meet this limit, he may have to pay additional charge or penalty.
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