Nowadays almost every bank is charging for not maintaining minimum balance in the accounts. Public sector banks are charging less when compared with private sector banks. If the account holder doesn’t maintain any balance then the banks will convert those accounts into a negative balance.
So whenever we want to deposit some money into that account then we have to clear the negative balance (or) we can request the bank’s branch manager waive or refund pf your minimum balance charges, for that we need to write a request letter.
Here are the sample request letter formats which you can use.
Request Letter to Bank Manager for Reversal of Minimum Balance Charges
Format 1
(For reversal of minimum balance charges)
To
The Bank Manager,
Bank Name,
Address of the bank.
Sub: Request for reversal of minimum balance charges.
Dear Sir/Madam,
I, Ch Raghuram, savings bank account holder of your bank with a/c no. 123456789. Recently I noticed that my account has been debited with an amount of 300 Rs for not maintaining a minimum balance.
Till now total 900 Rs were deducted for the last Three months without any intimation.
So here I am requesting you to please refund the debited amount to me.
And if it is still mandatory to maintain minimum balance, then from now onwards I will maintain minimum balance in my account.
Thanking you.
Sincerely,
_____
Format 2
(To waive minimum balance charges)
To
The Bank Manager,
Bank Name,
Address of the bank.
Sub: Request to waive minimum balance charges.
Dear Sir/Madam,
I P Renuka, savings bank account holder of your bank with a/c no 345612389. Recently while checking my balance in my account it is showing a negative amount of -3000 Rs for not maintaining the minimum balance.
But I don’t know about these negative balance rules, So I am requesting you to please waive my minimum balance charges.
So that I can deposit some amount in my account and I can maintain minimum balance from now onwards.
I will be grateful for your cooperation in this regard.
Thanking you.
Regards,
_________
FAQS
When bank accounts converted to negative balance
Every bank has some minimum balance rules, they follow these rules to reduce the number of dormant accounts.
Sometimes due to the ignorance of the account holders, they don’t maintain a minimum balance, in that case, the bank accounts will be charged for not maintaining a minimum balance.
Do I need to maintain minimum balance in salary account
Most salary accounts come with a Zero balance t facility, so until you are in that job and salary is crediting in that account, till then you don’t need to maintain the minimum balance. But whenever you leave your job then after 3-6 months that account will be converted into a regular savings account.
This time period varies from bank to bank. And before not maintaining minimum balance make sure that your account has Zero balance facility or not.
What if my bank doesn’t waive my minimum balance charges
As per RBI/2014-15/308, DBR.Dir.BC.No.47/13.03.00/2014-15 banks should not covert savings accounts to the negative balance.
Still, if your bank is not waiving off your minimum balance charges even after requesting them then contact the banking ombudsman.
Also read
Sub: Request for reversal of minimum balance charges.
Dear Sir/Madam,
I, Manish menson, savings bank account holder of your bank with a/c no. 501XXXXXXXXXX48 Recently I noticed that my account has been debited with an amount of 354 Rs for not maintaining a minimum balance.
Till now total 4956 Rs were deducted for the last fourteen months without any intimation.
So here I am requesting you to please refund the debited amount to me.
And if it is still mandatory to maintain minimum balance, then from now onwards I will maintain minimum balance in my account.
Thanking you.