RBI Rules: RBI made rules regarding minimum balance, penalty will not be imposed on these accounts..

Reserve Bank of India has made major changes regarding minimum balances in accounts. If you are not using a bank account then you will not have to pay the minimum balance charge. RBI (Reserve Bank of India news) said that banks cannot impose penalties for not maintaining minimum balances on those accounts that have become inactive.

This includes those accounts in which no transaction has been done for more than 2 years. This new rule will come into effect from April 1st.

DA will increase this month, you will get arrears of 3 months, Rs 7596+7596+7596= Rs 22788 will come to your account.

What else is there in the new rules of the RBI
RBI (Reserve Bank of India big news) also said that banks cannot classify accounts opened for receiving scholarships or direct benefit transfers as inoperative. Even if these accounts have not been used for more than two years. RBI has issued a circular for inoperative accounts. Through which instructions have been given to the banks.

  RBI said in its circular that these instructions have sought to reduce unclaimed deposits in the banking system and return such amounts to their rightful claimants.

How to contact a customer bank
According to the new rules of RBI (Reserve Bank of India breaking news), banks will have to inform the customers about their accounts being deactivated through SMS, letter, or mail. In this circular, banks have also been told that if the owner of an inactive account does not respond, then the banks should contact the person who introduced the account holder or the nominee of the account holder.

DA will increase this month, you will get arrears of 3 months, Rs 7596+7596+7596= Rs 22788 will come to your account.

  No charge will be required to activate the account
According to the new circular of RBI (Reserve Bank of India latest update), banks are not allowed to impose penalties for not maintaining minimum balance in deactivated accounts. According to the rules, for activating the deactivated accounts, No charge will be taken for this.

According to the latest report of RBI (Reserve Bank of India latest update), by March 2023, there has been an increase of 28 percent in unclaimed deposits and it has reached Rs 42272 crore. Banks will transfer the balance of those deposit accounts that have not been operated for 10 years or more to the Depositor and Education Awareness Fund of RBI.

Earlier, the Reserve Bank of India had directed the banks to ensure that the balance in the accounts does not become negative due to penalty charges for not maintaining the minimum balance. Even after this, many banks continue to impose penalties.

Limit for keeping money in bank account
DA will increase this month, you will get arrears of 3 months, Rs 7596+7596+7596= Rs 22788 will come to your account.

If you also have a bank account and you keep your savings in it, then it is important for you to know one more thing. Do you know how much money you can keep in your savings account? Yes, there is a limit set for keeping money in the bank account also. Keeping money more than the limit can become a problem for you. We are saying this because if a bank sinks or goes bankrupt then only your money up to Rs 5 lakh remains safe.

You will get back only this much money. In the year 2020, Finance Minister Nirmala Sitharaman changed a rule in the Budget 2020. He had said that only your amount kept in banks up to Rs 5 lakh will be considered safe. Earlier this amount was Rs 1 lakh.

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