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Governor Sanjay Malhotra on Monday said banks are free to decide the minimum balance for savings accounts and that it does ...

The minimum balance requirements for bank accounts are decided by the lenders and are not in the regulatory domain of the ...

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Can banks decide the minimum balance requirement for savings accounts? RBI Governor Sanjay Malhotra says the banks have the ...

Jay Kotak, head of Kotak811, has publicly criticized ICICI Bank's new policy requiring a ₹50,000 minimum average balance for new savings accounts, arguing it alienates most of India's population.