बैंक अकाउंट माइनस बैलेंस , इंडियन बैंक में मिनिमम बैलेंस कितना होना चाहिए, बैंक ऑफ बड़ौदा में मिनिमम बैलेंस कितना होना चाहिए,Qab बैलेंस इन बैंक ऑफ बड़ौदा,सेविंग अकाउंट में मिनिमम बैलेंस कितना होना चाहिए, SBI सेविंग अकाउंट मिनिमम बैलेंस 2023, PNB सेविंग अकाउंट मिनिमम बैलेंस , SBI Minimum balance requirement , minimum balance account , Jandhan account , jandhan bank account – If you operate a savings bank account in any of the bank branches whether it is of SBI , PNB or even Indian bank , there is a minimum bank account balance requirement which you should fulfil to keep in your bank account so that bank do not charges on your account . In some cases , your bank balance becomes zero and you have to pay a negative penalty to close your account .
If you are holding more than one bank account and want to close your un used bank account which is having the minimum bank balance requirement charges , then in this article you will get to know more about this.
Minimum Balance Account and Jan Dhan Accounts
In all private and government banks their is a requirement for maintaining the minimum balance in the bank account . For not maintaining , the bank may charge some charges on monthly basis from the account until the bank account becomes zero .
There is a difference between Jan Dhan account and Zero Balance account where in Jan Dhan account which is opened under government rules does not require any minimum balance requirement and for Minimum balance account , you require a minimum of Rs 1000 to Rs 5000 to maintain in your bank account as standing balance .
The Jandhan bank accounts are opened for receiving benefits from government ,there are also certain deposit and withdrawal restrictions on such bank accounts.
Banks Minimum Balance Requirement in India
For minimum balance , requirement you can confirm the balance requirement by contacting the customer support of the banking company or can visit the nearby bank branch . Usually the minimum balance requirement for different bank ranges between minimum of Rs 1000 to Rs 10000 per month . If the balance is less than this then the bank may charge a monthly amount from the account of the account holder .
The minimum balance requirement for some of the banks include :
- PNB Minimum balance requirement : Rs 2500
- SBI Minimum balance requirement : Rs 3000
- HDFC Minimum balance requirement : Rs 10000
- CANARA BANK Minimum balance requirement : Rs 3000
- UNION BANK Minimum balance requirement : Rs 1500
- INDIAN BANK Minimum balance requirement : Rs 3000
- CENTRAL BANK Minimum balance requirement : Rs 3000
How to check minimum balance in your bank account ?
In order to confirm that your bank account balance meets the minimum bank balance requirement , you can choose any of the below options to confirm your balance :
- Use mobile banking services
- Check with placing a miss call on the toll free number of the company.
- Confirm from the nearby bank branch
- Use netbanking services .
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Penalty for minimum balance requirement in Banks
There is a difference in penalty amount charged by banks for not maintaining minimum bank balance requirement in their bank account as they are charges on a particular amount basis or even in some charges they are charged on penalty amount also .
The penalty for most of the banks include charging a charge amount of Rs 50 per month + GST for not maintaining the balance , while some banks charges the SMS Alerts first for notifying the customer of minimum bank balance requirement and then charges a particular charge amount .
Charges for non maintenance of Minimum Balance in your Bank Account
As per RBI Guidelines , it can be said that the banks can charge a maximum penalty on the bank account balance of the account holder which means , if the balance of the account holder is lower than the minimum balance requirement then the charges will be deducted from the remaining balance from the account of the account holder by bank .
In case , their is no balance and the account is empty the bank may charge a one time fees for closure of account or reactivation of the bank account .
In some cases , the bank may make the account of the account holder negative which is as per RBI is not correct.
Closure of Bank account with Minimum Balance Charges
In case , you want to close your empty bank account which is not holding any bank balance and is of no use , then you can place an application for foreclosure or closure of your bank account with the bank manager . Any charges or dues pending with the bank will be notified by the bank clerk to you.
In case ,their is a minimum bank balance requirement penalty on your bank account then you must have to pay that penalty in order to close your account . If your bank account has been made negative or the charges are already deducted from your bank account then you can place application for closure of your bank account .
Can bank account balance be negative ?
No , as per RBI Guidelines no bank account can have a negative bank balance in such cases the account holder shall not be liable to pay any negative charges while the bank has to close the bank account being dormant for a particular time period.
What to do if your bank charges a negative bank balance on your account ?
If your bank account has been placed into restrictions for non payment of minimum bank balance requirement charges , then you can complaint on the RBI Ombudsman portal , where your application will taken under consideration within 24 to 48 hrs.
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It is essential , that you maintain minimum bank balance requirement in your bank account in order to avoid multi layer of charges on your bank account . If your bank have charged you the minimum bank balance charges , then you have to pay such charges for closure of your account or for operating the bank account again .