Big relief to Post Office account holders! Govt reduces penalty for non-maintenance of minimum balance in Saving Account

Zee News According to the rules, the account holder is required to maintain a minimum balance of 500 rupees in post office savings accounts. If the minimum balance falls below 500 rupees before the end of the financial year, then the account holder is fined. Till now this fine was Rs 100, which has been reduced to Rs 50. https://ift.tt/eA8V8J April 16, 2021 at 06:02PM According to the rules, the account holder is required to maintain a minimum balance of 500 rupees in post office savings accounts. If the minimum balance falls below 500 rupees before the end of the financial year, then the account holder is fined. Till now this fine was Rs 100, which has been reduced to Rs 50.

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