The Reserve Bank of India (RBI) keeps making many rules for banks and customers and also instructs banks to implement them from time to time.
You must have noticed that almost every bank account has a rule to maintain at least one certain amount (minimum balance). But what if you cannot maintain this balance in a month? RBI has made an important rule regarding this, which directly affects crores of bank customers. Let’s know about this rule.
What does RBI rule say?
RBI has a clear instruction that if a customer is not able to maintain minimum balance in his account, then the bank cannot put the account in a ‘minus’ balance because of this.
Account cannot go to ‘Minus’
Many times it is heard that if the minimum balance is not kept, the balance starts appearing in the minus. But the RBI rule says that the bank can bring your account to zero (ZERO) only due to the minimum balance charge, but cannot take it to the minus, that is, you cannot make a situation of recovering money from you.
The most important thing is that if you want to close an account in which the balance of minimum balance charge in the balance minus Visible If it is, the bank cannot demand that minus balance from you. While closing the account, the bank cannot charge any such charge from the customer. This rule applies to every account holder.
If the bank asks for money, where should you complain?
Suppose you go to close your account and the bank asks you to repay the ‘Minus Balance’ made due to the minimum balance charge, then it is a violation of the RBI rules. You can complain about this:
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RBI Banking Lokpal: You are the official website of RBI bankingombudsman.rbi.org.in You can file a complaint online.
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Rbi helpline: You can also contact the helpline number of RBI and tell your complaint.
If your complaint is found correct, action can also be taken against the bank (Bank News). Remember, you are not obliged to repay the ‘minus balance’ formed due to the charge in the event of not maintaining minimum balance.
The post could not keep the minimum balance? Do not panic! This rule of RBI will save your money first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
