Minimum balance rules: Every bank account holder must maintain a minimum balance in their account. If this is not maintained, the bank charges. These charges are levied every month. If the customer maintains this amount in a month, they can avoid being charged more.

Many people also have the question of whether their account will go into a minus due to repeated charges (charges on no minimum balance). RBI has made many rules (RBI Minimum Balance Rules) in this regard, which both banks and bank customers have to follow. Let's know about these rules.

Know how charges are levied-

If there is no minimum balance (minimum balance ke niyam) in the account of an account holder, then first it is seen whether the account is in a rural area or an urban area. After this, the penalty amount is decided. Every bank has its own rule of what should be the minimum balance (minimum balance new rules). Charges are levied if there is less money in the account than this amount. If the minimum balance in the account of the urban area is less, then a higher charge is levied on it and less charge is levied on the account of rural area (new rules for bank account).

Banks will give this information to the customer -

Accounts of many customers do not meet the minimum balance limit. In such a situation, the responsibility of the banks (bank news) has been fixed to inform the account holder about this. This can be given through SMS-email etc. RBI has set a rule in this regard that if the account holder does not maintain the minimum balance in the account for 1 month (how to maintain the minimum balance), then the banks can impose a penalty. Imposing a penalty without giving information is considered a violation of the rule.

Banks decide the slabs on their own -

Slabs are made by the banks to impose charges in case of not having a minimum balance in the account. According to this, it is seen how much balance is there in which account and how much charge (charges on not maintaining minimum balance) is to be imposed.

These charges are imposed after deciding on the slab. This makes it easier for banks to ensure that no account goes into minus and the rules are not violated. The amount that is less in maintaining the minimum balance, the penalty amount is penalized at the same proportion as per the slab (bank slabs for minimum balance).

This is what experts say -

According to experts, banks also take care that this penalty does not put an account holder's account into a negative if he does not have the minimum balance (minimum balance new rules). In case of not having the minimum balance, the amount in the bank account can become zero, but it cannot be put into (minus account. As per RBI rules, banks cannot ask for this amount even while closing the bank account.

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