Bank Account Tips: How many penalties will be imposed for not maintaining a minimum balance in a bank account..
Many times banks deduct money from our account without any reason, and then the account goes into minus. The customer is left with no option other than closing the account. But even when you go for account closing, the bank officials do not close your account and say that your account can be closed after clearing the minus amount. If you are also facing the same problem then let us tell you the solution to this problem.
What is happening nowadays?
Nowadays everyone gives preference to savings bank accounts. While opening a savings account, the bank tells its customers the terms and conditions that after opening the bank account, they will have to maintain a minimum balance in the account. The minimum balance limit is also decided by the bank itself. If the customer does not have the minimum balance in his account, then a penalty is charged instead.
What does the RBI rule say?
According to RBI rules, the bank cannot deduct money from the customer's account even if there is no minimum balance. At the same time, the bank cannot make the customer's account negative by making a deduction in the name of a penalty. Still, if any bank does this then the customer can go to RBI and complain about the bank.
Rs 147.50 being deducted from SBI customers' account, the bank explains the reason
Let us tell you that based on your complaint, RBI will take action against that bank. If you want, you can also complain by visiting the official website of RBI. Nowadays, when this happens, one can get a solution even by complaining to that bank. Many times the banks return the amount later. You just have to talk to their customer care and tell them your problem.
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