Levy of penal charges on non-maintenance of minimum balances in savings bank accounts
November 21st, 2014 by CHEQUEMAN
The RBI has issued a notification in which it has allowed banks to levy penalty charges for non-maintenance of minimum balance in savings bank account but the banks shall also adhere to the additional guidelines given in Annex (given above). These guidelines come into effect from April 1, 2015. The issued notification has been given […]