POSB Minimum Balance Rs. 500/-
Dear All,
As per the new SB rulings if balance in POSB account is less than Rs 500/- on 31/03/2021 account maintenance charge of Rs 118/- will be deducted from the account.
If the balance in the account is less than 119, account will be closed after deduction of the account maintenance charge resulting in non-credit of salary / pension in your POSB account for March 2021.
Please ensure the aforementioned balance in your account to prevent charges from being deducted/ closure.