RBI has made New Rules Regarding Minimum Balance in Bank Accounts and Issued New Guidelines.

RBI Minimum Balance New Rules : The RBI keeps issuing new guidelines for banks and their customers from time to time. Recently, the central bank has implemented new rules regarding minimum balance requirements in bank accounts, which will impact both bank customers and the banking system. Let’s understand these new guidelines issued by the RBI

With increasing digitalization, having a bank account has become very common. However, most people are unaware that banks require customers to maintain a minimum balance in their accounts. When the balance in a bank account reaches zero, it can sometimes go into a negative amount, which becomes troublesome for the account holder. Now, the RBI’s new directives regarding minimum balance have surprised everyone. Let’s see what impact it will have if you fail to maintain the minimum balance in your account

RBI’s Statement

The Reserve Bank of India has clearly stated that in the case of a negative balance, you will not be liable to pay any amount. You can close your account without any charges. This rule ensures that banks do not push your account into a negative situation or force customers to pay extra money due to such conditions.

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Where to File a Complaint

If your bank puts your account into a negative balance and demands payment, you can file a complaint with the Reserve Bank of India. For this, you need to register your issue on the RBI’s website: bankingombudsman.rbi.org.in. Additionally, you can contact the RBI helpline number for assistance. Action will be taken against the bank, and you will not have to pay any extra charges