WebApr 14, 2024 · As per a notification issued by the Ministry of Finance on April 9, 2024, the account maintenance fee which is levied for non-maintenance of minimum balance in the post office savings account has been reduced … Web1 day ago · Decide if you want to maintain an average balance of ₹5000, ₹10,000, or more. Banks like IDFC FIRST Bank have comparatively lesser minimum balance requirements, provide competitive interest ...
Key Tips To Help Maintain The Minimum Average Balance In Your …
WebMar 12, 2024 · If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 - every month! Source - PTI. Most banks require their customers to maintain a minimum balance in their account. They charge their account holders for the non-maintenance of minimum average balance (MAB). WebService/Transaction charges based on non - maintainence of AMB (as specified above) do not apply to Preferred , Corporate Salary & SuperSaver customers All fees and charges are … once a while
PNB recovers Rs 278 cr from poor account holders as penalty
WebThe above penal charges are not applicable for In-Operative CA/SB Accounts. Branch Manager will have the discretion to waive/relax the charges for Non-Maintenance of Minimum Balance, if Average Balance for the preceding 3 Calendar months is 10 times the applicable Minimum Balance for the category. 3. WebNov 23, 2014 · Punjab National Bank requires you to keep a minimum quarterly average balance of 1,000 in metros in a savings account. The bank charges 200 per quarter as … WebAnswer (1 of 2): What happens if the minimum balance is not maintained? Are you asking about your bank account? Ask your bank. They can give you a DETAILED answer. But I can … is atlanta in georgia