Searched for
NO PENALTY MINIMUM BALANCE
Rs 10,000 monthly investment in post office RD vs SBI RD: Where will you get higher maturity amount in 5 years?Investing Rs 10,000 monthly in a Post Office Recurring Deposit for five years yields a higher maturity amount than an SBI RD. The Post Offi...- ₹50L, ₹75L or ₹1Cr: What is the maximum corpus you can build through the Sukanya Samriddhi Scheme? The answer might surprise youSukanya Samriddhi Yojana provides a powerful way to save for a girl child's education. This government-backed scheme offers high interest r...
- How much do 2026 tax penalties cost if you file late? IRS interest rates and monthly fees explainedMissing the April 15 deadline in 2026 can cost you up to 25% in penalties alone. The 2026 tax penalties cost late filing starts at 5% per m...
- Where to park your cash in 2026: 8 smart places to grow and protect your moneyIn 2026, smart cash management is important due to high prices and a slow job market. People are looking for safe places to keep money whil...
- 2026 USPS postmark rule change: why IRS tax returns mailed April 15 may be late, penalties triggered, and safe filing steps explainedUSPS postmark rules 2026 are creating real tax filing risks this year. Over 160 million Americans file taxes annually, and many still rely ...
- Minimum balance, only banks win while depositors lose outICICI Bank's MAB hike controversy has brought the practice under scrutiny, questioning its appropriateness. Introduced in the 1990s amid de...
- Banks free to set minimum balance, says RBI Governor Sanjay Malhotra after ICICI Bank's latest moveThe Reserve Bank of India has clarified that individual banks have the autonomy to decide on the minimum average balance (MAB) requirements...
- No penalty on minimum balance: 6 banks that have removed savings accounts balance requirementSeveral major Indian banks, including PNB, Bank of Baroda, Indian Bank, Bank of India and Canara Bank, have eliminated the requirement to m...
- Big relief for savings accountholders: After SBI and Canara Bank, PNB removes minimum balance chargePunjab National Bank has also reduced the interest rates on savings accounts across all balance slabs. SBI has waived the requirement for m...
- Rs 91 lakh penalty on YES Bank for wrongly levying non-maintenance of minimum balance charges: Is your bank charging the same?Minimum balance negative in savings bank account: RBI has imposed a penalty of Rs 91 lakh on YES Bank for not complying with the master dir...
- Can bank savings account balance go into negative if minimum balance is not maintained?When an individual opens a savings bank account, he/she is required to maintain the minimum balance in the account as per the bank's policy...
- Savings account minimum balance requirement: SBI vs PNB vs HDFC Bank vs Canara Bank vs ICICI BankThere will be a penalty if minimum balance is not maintained in savings account depending on the required balance amount.
- Bank boards can decide on waiving penalty on minimum balance: KaradThe boards of individual banks can decide on waiving the penalty on accounts, which do not maintain a minimum balance, Union Minister of St...
- From December 11, pay Rs 100 for not maintaining minimum balance in post office savings accountAs per the India Post website, post office savings account holders should ensure that minimum balance is maintained in their accounts by De...
- Exempt current a/c held by traders from minimum balance norm, demands traders' bodyThe body further demanded that on the lines of Basic Savings Bank Deposit (BSBD) Account or 'no frills savings accounts, Basic Current Acco...
- How banks are making money by penalising youAlthough several banks reduced their fines, the increase by other banks has compensated for it.
- Banks collect Rs 5,000 crore from customers in FY18 for breaching minimum balanceThe highest collection is by State Bank of India (SBI) which raised Rs 2,433 crore, nearly half of the total fines.
- Most banks in breach of minimum balance norms: StudyWhile RBI norms require the penalty be proportionate to the shortfall in meeting minimum balance, the charges imposed by most banks are out...
- Private banks to hike fines, charges from April 1banks are barred from creating negative balances by imposing charges on the grounds that charges will be deducted from future deposits.
- No penalty if minimum balance not kept in dormant bank accountThe RBI directed banks in 2012 not to charge customers for non-operation or activation of basic savings bank deposit accounts.
Load More
