[Resolved]  Citibank — (OMG!!) Minimum of 1 Lakh NRV per month for Citibank Account

OMG OMG OMG!!!

“We are pleased to inform you that your existing Citibank Suvidha account will be converted into the new Citibanking account...With this change, the Citibank Suvidha savings account will not be available from March 1, 2013. Your account will be converted into the Citibanking account from this date, ” the bank said in an email.

“As a special gesture, for your long standing relationship, a lower minimum net relationship value requirement of Rs 1 lakh will be applicable for your Citibanking account, ” the bank said.

A monthly charge of Rs 500 is applicable if the net relationship value falls below the minimum level.

Is there none to put a limit to this.. is RBI/XYZ sleeping??