HDFC’s minimum balance penalty pushed my account balance to Rs -4000: Rehan, Jamia Millia Islamia

“I have an account in the HDFC Bank, where the requirement of minimum balance is Rs 10,000. Since the last five-six months, I haven’t been able to maintain it. The penalty levied by the bank due to the non-maintenance of the minimum balance has pushed my account balance to Rs -4000,” says Rehan Tirmizi, a student at the Jamia Millia Islamia University, New Delhi.

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