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No penalty will be given even if there is zero balance in the bank, know what RBI rules say

Web Desk. Many guidelines concerning banking have been made by the Reserve Financial institution of India (RBI). Many of those guidelines are additionally helpful for purchasers. Right now we’re going to offer you details about a rule of RBI, about which only a few individuals shall be conscious.

Right now we’re going to offer you info concerning minimal steadiness within the account. Many individuals typically don’t even have the minimal steadiness of their account. As a result of this the account additionally goes into minus. Right now we’re going to offer you details about the principles of Reserve Financial institution of India on this regard.

In response to reviews, if steadiness just isn’t maintained, your steadiness might turn out to be zero, however can’t go into minus. In response to RBI guidelines, typically the steadiness reveals in minus, however it can’t be recovered from you by the financial institution. You possibly can shut your account without spending a dime.

PC: Moneycontrol
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