Maintain minimum balance 500 rs in POSB Account before 31st March 2021

Dear All,

As per the new SB rulings if balance in POSB account is less than Rs 500/- on 31/03/21 account maintenance charge of Rs 118/- will be deducted from the account. If the balance in the account is less than 119, account will be closed after deduction of the account maintenance charge resulting in non-credit of salary/pension in your POSB account for March 2021.
Please ensure the aforementioned balance in your account to prevent charges from being deducted/closure.

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