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PrinceTripathi
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most private and public banks of india collected a whooping amount of 4989.55 crore for non- maintenance of minimum balance in accounts in the financial year 2017-18. It is noted that in two years back SBI suffered a loss of 6457 crore and to put some of it's loans into non performing assets. so, if we considered this policy into account then we should note that SBI has recovered 2433.87 crore by this policy and they literally did nothing just a cost deduction from low balance accounts. the other banks who recovered their money from this scheme are HDFC bank 590 crore, AXIS bank 530 crore and ICICI Bank 320 crore. It should be noted that this scheme is launched after the loss incurred by these banks. i would like to give some free advice here, i want you to all open a "sukanya smariddhi yojana" account, this account can only be open by girls but with mutual understanding the whole family can use it and enjoy the rate interest which is higher than any other account and it is 8.7%. If you think that I an lying then check this with yourself the number of bank accounts open in "sukanya samriddhi yojana" by tamil nadu. And you will be surprised when you came to know that the number of accounts open is over 16 lakhs, higher than ever recorded anywhere in the world.