Business news : Now banks will not be able to impose minimum balance charge!

According to RBI, now charges will not be deducted even if there is no minimum balance in inactive and inoperative accounts. The Reserve Bank has told the banks that the rule of minimum balance cannot be applied on those bank accounts in which there has been no transaction for two years. Also, accounts opened for scholarship and direct benefit transfer will also not be deactivated. Even if there has been no transaction in them for two years. These new rules will be implemented from April 1.