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Minimum balance News

State Bank of India

13 Mar 2018

SBI has closed more than 41 lakh bank accounts. Is your account safe?

An RTI plea has revealed that State Bank of India closed as many as 41.16 accounts in the first 10 months of the current financial year.

State Bank of India

03 Mar 2017

SBI announces penalty for non-maintenance of minimum balance from April 1

Making it compulsory for account-holders to maintain a minimum balance, the State Bank of India (SBI) said on Thursday said it will be charging defaulters a penalty from April 1 onwards.

Punjab National Bank

04 Sep 2016

PNB current account holders to pay more for not having minimum balance

Public sector Punjab National Bank (PNB) will impose a heavier fine from October on current account holders for not maintaining the quarterly average balance as per the revised tariff.

20 Nov 2014

Inform customers about fall in minimum balance: RBI to banks

The Reserve Bank on Thursday asked banks to inform their customers about fall in minimum balance well in advance and said that penal charges should be levied only to the extent of shortfall in such balances.

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