Business Standard

<b>Letters</b>: Give pensioners relief

Almost all of whom are senior citizens draw their pension through SB accounts

Image
Premium

Bsuiness Standard
The reintroduction of minimum balance levy in savings bank (SB) accounts by the State Bank of India (SBI) after five years is justified. It is necessary to compensate for the maintenance of 110 million no-frills Jan-Dhan accounts despite the SBI making sizeable profits every year.
 
Many pensioners and family pensioners, almost all of whom are senior citizens draw their pension through SB accounts. With the merger of other associate banks with the SBI from April 1, it will have the highest number of such customers in India.
 
For those drawing the minimum pension amount of Rs 9,000 or

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in