Home Question My account was charged for not maintaining the minimum balance. What should I do next?

My account was charged for not maintaining the minimum balance. What should I do next?

I had a salary account in a nationalised bank for my two months of summer internshi,p and then it got converted to a savings account. The minimum balance (monthly average balance) required was 10000 INR, and I haven’t maintained it.

Now I have charged 9500INR. So what should I do now? Does this affect me in future?

Being a student, I am not able to pay the charges. Please help 🙂 Thanks in advance.

1 thoughts on “My account was charged for not maintaining the minimum balance. What should I do next?”

  1. Dheer

    Now I have charged 9500INR.

    Rs 9,500 for non maintenance of balance is quite high. Are you sure you got charged for this amount?

    So what should I do now, Does this affect me in future?

    Visit the Branch and Request the charges be waived off. Close the Bank Account or open a no frills account that does not require minimum balance.

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