Banking Rules: Now there will be no charge for keeping zero balance in the account

Banking Rules: Indian Bank will no longer levy any charges on its customers for not maintaining the minimum balance in their accounts. In such a situation, customers will benefit a lot from this decision of the bank because now they will not have to worry about maintaining the minimum balance in their accounts.

Minimum average balance is not necessary in Indian Bank

The country’s government bank Indian Bank has now given a good news to its crores of customers. Actually, Indian Bank will no longer charge any charge on its customers for not maintaining the minimum balance in their account. In such a situation, customers will benefit a lot in this decision of the bank because now they will not have to worry about maintaining the minimum balance in the account. Let’s know.

New rule of Indian Bank

Indian Bank will no longer charge any penalty to its customers for not maintaining the minimum average balance in the savings account. This new rule of the bank will come into effect from July 7. Let us tell you that the minimum average balance i.e. MAB is the amount that the customer is required to keep in his account. If the customer does not maintain this average balance, then the bank can impose a penalty on the customers.

These people will benefit

This decision of Indian Bank will benefit students, senior citizens and customers of rural areas. With this decision, more and more people will be able to connect with banking services.

Canara Bank and PNB had also taken the decision

Before Indian Bank, Canara Bank and Punjab National Bank i.e. PNB have also abolished the charge for not maintaining their minimum average balance. In such a situation, it will not be necessary for the customers of these banks to maintain the minimum average balance. This new rule of PNB has come into effect from July 1, 2025.

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