RBI New Rules: The Reserve Bank of India issues many types of rules and instructions for banks and bank customers. Recently, RBI (Reserve Bank of India) has issued new rules regarding negative balances and has instructed banks to strictly follow these rules.

With the implementation of these rules, bank (bank news) customers will get direct benefits. If the bank account goes into minus i.e. there is a negative balance in the account, then the customers do not need to worry. With the new rules (new rules for account holders), the arbitrariness of banks can also be curbed.

Account holders got this relief-

Penalty is imposed for not maintaining a minimum balance in the bank account (minimum balance rules). This process is done by the bank every month as per the rules. In this way, gradually the account can go into minus i.e. negative balance (negative balance in the account).

In such a situation, many customers ask the bank to close the account, and then many times the bank demands to deposit this money. This causes trouble and financial loss to the customer. Now banks will not be able to make this demand. While providing this facility to the customers, RBI has worked to provide relief by implementing new rules (RBI new rules).

The account cannot go into minus-

RBI has issued new rules (minimum balance rules) regarding negative balance. According to these, the money in the account of those who do not maintain the minimum balance can become zero due to penalty or charge, but it cannot be made minus (minus bank account) by applying interest on it.

Account holder's right-

If a customer wants to close the account that has gone into minus, then he can get it closed without paying any charge (penalty on negative balance). If the account has to be kept running smoothly, then a penalty can be imposed as per the rules. Every account has a rule of maintaining a minimum balance (minimum balance rules).

It can be different for every bank. The bank can impose a penalty for not maintaining this amount, but if someone wants to close his account and the balance is in minus, then the bank cannot demand this amount. Customers can complain about this to RBI (RBI news).

The bank does not have this right -

The bank does not have the right to demand the amount of the balance that has gone negative, rather the customer has the right to close the account (Account closing rules) without paying any money. RBI has also given instructions to the banks in this regard. The account holder's bank account (how to stop bank account) can be closed without paying any extra charge.

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