Failing to maintain minimum balance in bank account? Save yourself from penalty, do this
Most banks require their customers to maintain a minimum balance in their account. They charge their account holders for the non-maintenance of minimum average balance (MAB). Yes, the government had given a waiver on this till the end of June, but, that period is over.
If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 - every month! Source - PTI.