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Reasonable min balance requirements in public sector banks

This petition had 40 supporters


Recently SBI has introduced new rules which limits the number of cash deposits, ATM transactions and drastically increased the minimum balance requirements from Rs1000 to 5000 . Failing which,there will be huge fines imposed. 

Since it's the largest PSB ,other banks might follow suit in the near future. On the one hand govt wants a cashless economy but on the other side , numerous rules and regulations are increasingly coming into picture.

Everyone knows Public sector banks are for MASSES ,not for CLASSES . I want to stop this exploitation of common man . 



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