RBI Rules: If your bank keeps deducting money from your account without any reason, then this news is for you. Actually , if you are also facing the same problem, then in this news we are going to tell you about the rules of RBI. It is very important for you to know…
If your bank keeps deducting money from your account without any reason, then this news is useful. Often we have heard and seen ourselves that banks keep deducting money from our account without any reason and then the account goes into minus. Then the customer is left with no option other than closing the account.
But even when you go for account closing, the bank officials do not close your account and say that your account can be closed after clearing the minus amount. If you are also facing the same problem then let us tell you what the RBI rules say about this.
Maintain minimum balance-
Nowadays everyone gives preference to savings bank account. While opening a savings account, banks put a condition on the customers that after opening the bank account, they have to maintain a minimum balance in the account. This minimum balance limit is also decided by the banks themselves. If the customer does not have minimum balance in his account, then penalty will be deducted from his account. But, let us tell you, doing so is subject to RBI rules.
What does RBI rule say?
Under RBI rules, the bank cannot deduct money from the customer’s account even if there is no minimum balance. At the same time, the bank cannot make the customer’s account negative by making deduction in the name of penalty. Still, if any bank does this then the customer can go to RBI and complain about the bank.
Where to complain-
If the bank makes your account negative by deducting money, then you can complain about it by visiting the RBI website. Based on your complaint, RBI will take action against the bank.
