No need to keep minimum balance in Jan Dhan, basic savings accounts: FM ...Middle East

Business Standard - Economy

Finance Minister Nirmala Sitharaman on Tuesday said there is no need to maintain minimum balance in Jan Dhan as well as basic savings accounts, and banks impose penalties only in cases where customers fail to maintain a requisite amount in their accounts. The minister was replying to a question in Rajya Sabha during Question Hour regarding public sector banks collecting about Rs 8,500 crore in penalty from customers for non-maintenance of minimum balance in accounts in five years. "Since the member is talking about banks collecting money for basic minimum balance which is not there in the account, that does not apply to PM Jan Dhan accounts and basic accounts of the poor people. It is only f

Hence then, the article about no need to keep minimum balance in jan dhan basic savings accounts fm was published today ( Tuesday 06/08/2024 - 05:50 PM ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( No need to keep minimum balance in Jan Dhan, basic savings accounts: FM )

Last updated : 06 August 2024 clock 05:50 PM

Also on site :

No need to keep minimum balance in Jan Dhan, basic savings accounts: FM ...Middle East

Anthropic Denies It Could Sabotage AI Tools During War

Function Expands Its Growing Portfolio of AI Connectors with Perplexity Health

Why the Iran War May Have Just Killed the AI Boom

Fractal EMS získava certifikácie ISO/IEC 9001 a 27001

Pentagon press policy ruled unconstitutional in case brought by N.Y. Times

‘A Rigged and Dangerous Product’: The Wildest Week for Prediction Markets Yet

The Startup That Cracked the Code for Commercial Thermal Batteries

Super Micro Computer Announces Resignation of Board Member Yih-Shyan "Wally" Liaw

FiEE, Inc. Announces Fourth Quarter and Full-Year 2025 Financial Results

Why This Energy Shock Will Hit Consumers Harder Than 2011

SWI Group obtient une augmentation de capital de 260 millions d'euros dans le cadre de l'expansion en Amérique du Nord de sa stratégie d'IA et de centres de données

Shadow APIs and Weak Gateway Controls Elevate Fintech Risk, Finds Info-Tech Research Group

Norway’s Output Holds Steady—but Spare Capacity Is Gone

US Drillers Add Oil Rigs For Second Week In A Row As Prices Soar

Oil Prices Ease As US Pulls Out All Stops To Secure Supply