<h1>RBI Directs Banks to Offer No-Minimum Balance Accounts with ATM Facilities; 31.6 Million Accounts Opened by March 2012.</h1> The Reserve Bank of India has instructed all Scheduled Commercial Banks to provide Basic Savings Bank Deposit Accounts, which require no minimum balance and include ATM or ATM-cum-Debit Card facilities. Existing no-frills accounts will be converted to this type. However, holders cannot open additional savings accounts at the same bank. As part of the Financial Inclusion initiative, banks have opened 31.6 million accounts by March 31, 2012. This information was disclosed by a government official in a written response to the Rajya Sabha.