Banks Minimum Balance Penalty

Ministry of Finance Withdrawal of Minimum Balance Penalty by Banks 16 JUL 2019 According to Reserve Bank of India (RBI) guidelines, banks do not have any Minimum Balance requirement for Basic Savings Bank Deposit accounts (BSBD), including accounts opened under Pradhan Mantri Jan DhanYojana (PMJDY). As on March 2019, there were 57.3 crore BSBD accounts across the country … [Read more...] about Withdrawal of Minimum Balance Penalty by Banks