Canara Bank No Minimum Balance Fine – Know New Rules 2025

Minimum Balance Free no min balance fine in canara bank

No Minimum Balance This Canara Bank

Minimum balance is having a huge impact on the lives of many people, especially public sector banks or private banks, which are collecting fines every year for not having a minimum balance, which is only a fine amount that can be collected by declaring it at the end of the year and making the bank’s income by declaring it at the end of the year.

ICICI Bank has been collecting it on a large scale since 2014. Many public sector banks have also been collecting it,
but now Canara Bank has said that even if there is no minimum balance, the fine amount will not be collected and this operation will come into effect from today, June 1, 2025. People are expressing their opinion that all banks should follow this and that banks should work to help the people and not engage in activities that rob people of their money.

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