Rs 1371.26 was deducted from the savings account on March 5 2023 in a series of smaller amounts of 118, 53.11, 177 for Charges-MI.
When enquired at the IOB Branch, they informed us the charges were for not maintaining minimum balance. I have consistently maintained minimum balance through the year 2022. Only in January 2023, the balance came down below the minimum balance. I got to know that minimum balance charges for a month would be Rs 50. And I definitely did not expect to be charged more than that.
After the series of deductions, my balance stands proudly at 0 :)
Humbly request to you let me know when I should expect the money back in my account. Thanks in advance.
IOB Branch: Kammagondanahalli, Jalahalli, Bangalore - 560015
Scheme cd: SB-PUB
Account Holder Name: Vinodh J Was this information helpful? | 
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