No negative balances in savings accounts: RBI - The Economic Times

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According to the RBI, if any bank continues to debit charges on a savings account creating a negative balance, customers can approach the banking ombudsman.

Rbi Guideline For Non Maintaining Minimum Balance, PDF, Deposit Account

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Rbi Guideline For Non Maintaining Minimum Balance, PDF, Deposit Account

Albin Paul XAVIER on X: @HDFCBank_Cares explain why my savings account shows negative balance contrary to statements by @HDFC_Bank and rules of @ RBI especially during #COVID19 times / X

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CA Bhagyashree Thakkar • Finance, Don't pay this penalty to the bank ‼️ ✓ According to RBI, banks cannot make negative balance in savings account due to penalty for

No negative balances in savings accounts: RBI - Times of India

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What happens to a bank account that is not closed (in India)? - Quora

Closing Your Savings Bank Account? Don't Pay a Negative Balance..! Follow This Page For More Reels..! Is your bank creating a negative balance for not