In the coming year 2023, the banks will not be allowed to demand a charge for not maintaining a minimum balance in your bank account.
No minimum balance would be required in the bank account in 2023.
As per the government minister, Minister of State, Ministry of Finance Mr. Dr. Bhagwat Kishanrao Karad says the banks are independent to take the decision of not taking any further charges for not maintaining a minimum bank balance.
Now the banks are taking a fee or charges if any bank holder not maintaining a minimum bank balance.
Along with this, banks are also going to make changes in the laws related to bank lockers in the coming times. According to these upcoming rules, if there is any kind of mess in your bank locker, then the bank will be directly responsible for it.
Also if any change happens with your bank locker the bank will inform you before making any changes. But, all these rules are not still applied and might be applicable in the coming 2023 year.