RBIO: Got Compensation of ₹10,000 from Canara Bank

[theflash]

@sjmajumder is there any provision from RBI where bank has to inform the customer for non maintainance of MAB? I mean let's take an example is I'm not maintaining ₹10k in October'24 so bank has to notify in October'24 that the balance is not maintained or they can notify and charge in Jan/Feb'25 also?

If they can notify anytime then ig I don't have a case here right?...

 

[imdjay]

@sjmajumder is there any provision from RBI where bank has to inform the customer for non maintainance of MAB? I mean let's take an example is I'm not maintaining ₹10k in October'24 so bank has to notify in October'24 that the balance is not maintained or they can notify and charge in Jan/Feb'25 also?

If they can notify anytime then ig I don't have a case here right?...

They need to intimate customer and give a chance to maintain the mab. So in the same month before month end, they should notify.