RBI Rule 2025: Can the bank put your account in minus if you do not maintain the minimum balance? Know the RBI rules
Minimum balance rules: Nowadays everyone keeps an account in some bank or the other. Rules and conditions have been set by the banks and RBI for operating that account. These rules include the rule of maintaining minimum balance. Many people are unaware of what will happen if an account holder does not keep this amount in his account. Can such an account go into minus balance due to any charge? Many such questions remain in the minds of bank customers. Let us know the answers to these questions in this news.
Breaking News - (minimum balance). People keep their savings in bank accounts. There are many bank customers who have very little or no money in their accounts. In such a situation, the rule of maintaining minimum balance (RBI rules for minimum balance) is also not fulfilled.
When there is no minimum balance in the account, the account holder starts worrying that the bank will impose a fine and put it in the minus. RBI has made rules regarding this, let us know whether the bank can put an account in the minus if the minimum balance is not maintained in an account (minimum balance new rules).
What do RBI rules say-
According to the rules made by the Reserve Bank of India regarding the charges to be levied if there is no minimum balance in an account, no bank can put an account holder's account in the negative. It can be made zero (zero balance rules) but cannot be made in the minus.
The bank will inform the account holder about this -
According to RBI rules, if there is no minimum balance in any savings account, the bank will first inform the account holder about it. The bank will also inform the customers about the fine imposed on this.
Bank account can only be made zero-
According to RBI rules, if there is no minimum balance in a bank account, the bank can make it zero by levying a charge, but it cannot be made into minus (Minus Account Balance).
Of course, the amount in the account may be less than the fine (fine on not maintaining minimum balance) but the account cannot be made into minus beyond zero. In lieu of this, the bank can stop the facilities given to the customers.
Account closure charges -
If you want to close your bank account (bank account news), then even at that time the bank cannot ask you for any charge. Even at this time, the bank cannot ask you to fulfill the minimum balance (minimum balance new rules) or to give it. If the bank wants to convert the customer's savings account into a basic account, then for this the bank will have to take the permission of the customer.
RBI imposed fine on the bank-
A bank had reduced the balance of customers' accounts to minus for not maintaining the minimum balance. RBI charged a fine of more than 90 lakhs from that bank (Minus Account Bank Case).
RBI had issued instructions regarding this a few years ago that no bank can reduce the balance of an account holder's account to minus if the minimum balance is not maintained in the savings accounts.