Bank Savings Account Minimum balance rule changed
During the Coronavirus lockdown, various Indian banks had announced exemption from maintaining the minimum balance limit in one’s savings account. Since the offer was available till 30th June 2020, the original savings account minimum balance limit rule will become effective from tomorrow. Ignoring this may lead to monetary loss for many savings account holders. However, the State Bank of India (SBI) has made it clear in the first fortnight of…