https://www.taxtmi.com/news?id=3361 Reserve Bank directive requires scheduled commercial banks to offer basic no frills accounts with nil or very low minimum balances and minimal charges to promote financial inclusion. As reported to the legislature, the aggregated number of such accounts with public and private scheduled commercial banks (excluding regional rural banks) at end March 2012 was 1,032.06 lakh, evidencing regulatory focus on expanding basic account access and monitoring uptake. en-us Fri, 18 May 2012 17:01:51 +0530 Fri, 18 May 2012 17:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3361 Reserve Bank directive requires scheduled commercial banks to offer basic no frills accounts with nil or very low minimum balances and minimal charges to promote financial inclusion. As reported to the legislature, the aggregated number of such accounts with public and private scheduled commercial banks (excluding regional rural banks) at end March 2012 was 1,032.06 lakh, evidencing regulatory focus on expanding basic account access and monitoring uptake. News - Fri, 18 May 2012 17:01:51 +0530 https://www.taxtmi.com/news?id=3361