In India, the term “zero-balance account” usually refers to the Basic Savings Bank Deposit Account (BSBDA), as defined by the Reserve Bank of India (RBI). According to RBI rules, a BSBDA has no ...
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Usually, when you open a deposit or savings account, or even a business current account, account holders must maintain a minimum balance. While these accounts earn you interest over time, they also ...
FM says 72 crore Basic Savings & Jan Dhan accounts face no penalty for not maintaining minimum balance. PSBs reviewed service ...
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