Tue, Jul 30, 2024
Minimum Balance Rules at PSU Banks: Do you know how much money you pay in charges and fees for failure to maintain the required balance in your savings account at a public sector (PSU) bank? The government recently shared some interesting details about the recent trends in the penalties, covering a wire range of aspects. Here is a summary of the response submitted in the Lok Sabha - the lower house of Parliament - in response to questions raised by some members about the penalties that PSU banks impose on customers failing to maintain the Average Monthly Balance (AMB) in their savings accounts.
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Thu, Mar 30, 2023
Post office scheme savings account minimum balance: Did you know that a savings bank account at the post office actually earns you a slightly better return than big commercial banks? Here's all you need to know about the minimum balance and other important details about this post office account.
Tue, Mar 28, 2017
The charges levied by banks in case minimum balance is not maintained in accounts must be reasonable, and should be a fixed percentage on the difference between the actual and required balance, the government said on Tuesday.
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