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Can a bank account balance be negative if the minimum balance is not maintained? | Know your rights

Banks usually ask customers to keep a minimum balance in their savings accounts, and if this isn't met, they charge penalties. But what happens when these penalties are applied to an almost empty account? Can the account balance run into negative? And what can you do in such a case? Watch this video to find out your rights as a customer and the possible actions you can take to deal with this situation.

Moneycontrol News
December 19, 2023 / 20:48 IST
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TAGS: ##personalfinance #Banks #video
first published: Dec 19, 2023 08:48 pm

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