To avail subsidy benefits, people who do not have Jan Dhan account go to the bank and open a normal bank account.
Most of the banks sometimes prompt them to open a normal saving bank account.
On that account, there is a monthly average balance cap in which people living in metro cities have to maintain minimum balance of Rs. 5,000/- in their bank accounts.
And if they fails to do so, bank charges penalty on the bank account holder.
An RTI reveals that Punjab National Bank has earned about Rs 726 Crore from the year 2018 to 2021 from the fines imposed for not having minimum balance in the people's account.
This also includes those 2 years when the whole country was battling a terrible epidemic and when people were in a dire need of money to save their loved ones.
This mainly happens because people are not aware about the minimum balance rule of the banks.
Due to unawareness these gullible people sometimes continue to suffer punishment for years and keep on losing their hard money like this.
Add new comment