According to Reserve Bank of India (RBI) guidelines, banks do not have any Minimum Balance requirement for Basic S – avings Bank Deposit accounts (BSBD), including accounts opened under Pradhan Mantri Jan Dhan Yojana (PMJDY). As on March 2019, there were 57.3 crore BSBD accounts across the country, including 35.27 crore Jan-Dhan accounts. Hence, for […]
The post Banks collected Rs 9,721 cr in Minimum Balance Penalty appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/30RiUNh
No comments:
Post a Comment