Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Minimum balance: Better to maintain than risk high fees

Apr 07 2014, 09:44 IST
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If banks adhere to the RBI advisory and stop penalties, they would end up charging more for services. (AP) If banks adhere to the RBI advisory and stop penalties, they would end up charging more for services. (AP)
SummaryIf banks adhere to the RBI advisory and stop penalties, they would end up charging more for services.

non-maintenance of minimum balance, you are authorised to charge on the transaction,” he said.

So as banks suggest, the charges that you may have to pay for the bank’s services may be more than the penalty and hence it may be useful to still maintain the minimum balance requirement in the account and not become a habitual offender. Not to forget that your saving’s bank account earns you an interest of 4 per cent per annum and some banks are offering even a higher rate of interest.

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