Minimum Balance in Saving's Bank

All Account holders must protest against Arbitrary fixing of Minimum Balance in Saving's Account by various banks.
The Minimum Balance should not exceed more than ₹1000/(one thousand) in any any town in India.
Saving's Bank is an account which mostly own my poor middle class families . If the Minimum Balance is ₹ 3000/ to ₹10000/ then what is the difference between Saving's Bank Account and Currant Account.
Government must intervene and persuade Reserve Bank of India to fix uniform Reasonable Minimum in Balance in all more  

View all 10 comments Below 10 comments
So many administrative type of reforms are need of hour in Banking sector but despite drawing attention thru direct email / articles etc RBI is maintaining complete silence - which is surprising. more  
In my view there should not be any minimum balance rrquirement for Sr. Citizens more  
Yes. I agree with the post. There should be uniform policy all over India for all banks for the minimum balance requirement. more  
Minimum Rs100/ and max Rs1000/. Rs5k ,10k doesn't go well more  
I request that min balance in s.b. account must not be more than Rs.500 (FIVE HUNDRED ONLY). more  
Post a Comment

Related Posts

    • Bank's refusal to honor agreed FD interest.

      Dear members, I am Sekar and new to localcircles.com. In 2014 I booked some 5 years fixed deposits with a private bank, due to their higher interest rate promised to me. During matu...

      By Sekar Rg
      /
    • DEAF Account

      It often happens that people don’t share even the basic financial details with their family members. In case of any untoward incident, the family members are left in the lurch as they are una...

      By Aditi Jain
      /
    • Tax on dividend

      I fully agree with the circle member's claim to approach the FM/PM, requesting to remove the senior citizens from taxing 10% on the dividend received on the Mutual Funds. In fact the present level ...

      By Subramanian Sekaripuram Ananthakrishnan
      /
    • Benefit of new tax regime for 13L+ salary earners

      Most of the salaried individuals with gross income of ₹13 lakh or more and non-salaried persons with income of ₹9.5 lakh or more will get to make tax savings if they sign up for the new lower incom...

      By Satvik Singh
      /
    • NRI income in zero tax domiciles taxable in India

      NRIs living in zero tax domiciles like UAE (Dubai Sharjah & also Bahamas etc) will have to pay tax in India. And now all those who (partly) moved to Dubai recently to evade taxes are stuck.

      By Aditi Jain
      /
    • Farmers must be taxed

      The tax system is currently design to squeeze the middle class. This must change. We are India’s most abused tax payers.

      By Aditi Jain
      /
    • BEWARE OF ICICI POLICIES

      I am cautioning the circle members and the general public at large that the insurance policies issued by ICICI are to be taken with a pinch of salt. The agents of ICICI who sell their policies as w...

      By Subramanian Sekaripuram Ananthakrishnan
      /
    • Why one should insist for Fixed Deposit Receipt

      As you all know now-a-days whenever we request any sort of statement / report etc. from non-banking financial companies (NBFCs) i.e. insurance, chit fund, merchant banking, stock broking service p...

      By G D Binani
      /
    • Beware of brokers

      2000 crore fraud by karvy on its customers. Sebi has banned it now. How come we only do bans and the regulators are never facing penalties and punishments for letting shit happen.

      By Aditi Jain
      /
    • Simplification of Tax Return Filing

      The income tax return filing has been made so complicated that no common man/person today is able to file her return on her own, without the help/assistance of tax professionals. Each time we have ...

      By Sujata
      /
    • Wrong TDS entry if ITR form

      Hello all, I filed my IT returns in last week of August in which by mistake I put all my bank TDS in advance tax (IT sheet of ITR form) which is not visible in IT system. It is more than the a...

      By Shashikant Kedare
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)