Bank Accounts with Zero Balance.

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....ank Accounts with Zero Balance. <br>News and Press Release<br>Dated:- 18-5-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 18-May-2012 16:23 IST Bank Accounts with Zer....

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....o Balance With a view to achieve the objective of greater financial inclusion, the Reserve Bank of India (RBI) issued instructions to all Scheduled Commercial Banks in November 2005, to make availabl....

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....e a basic banking 'no-frills' account either with 'nil' or very low minimum balances as well as charges that would make such accounts accessible to vast sections of population. As per RBI, the number ....

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....of no-frills accounts outstanding with Public Sector Banks (excluding Regional Rural Banks) and Private Sector Banks at end of March 2012, is 1032.06 lakhs. This information was given by the Minister....

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.... of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today. * * * DSM/SS/Hb<BR> News - Press release - PIB....