[Resolved] State Bank Of Hyderabad — Zero Balance salary saving account .. non compliance
MMadhav Malkarjun Jadile
As per the agreement between State Bank of Hyderabad and State of Maharashtra and the Govt. Resolution No. Finance Dept. D.D.O.1000/PRA.KRA.5/KOSHA-PRASA-5, Mantralaya, Mumbai - 32 dt.29/08/2005 every state employee should open his saving account in any bank listed in above G.R. and the same is treated by the respective Bank as Zero Balance account and salary of employee is paid through this account. So I have opened my account with State Bank of Hyderabad Br. Industrial Estate, Nanded through my office.
As the account is Zero Balance the Bank is an obligation not to charge penalty. I was shocked when I have charged penalty of Rs.100/- as my minimum balance is below 500/-. Such act of the Bank is breach of agreement and above G.R. Such an act of the Bank is not only with me but also with all of employee of my office i.e. District Court, Nanded
So you are requested to look into the matter.
Complaint marked as Resolved Aug 14, 2020