How can I avoid minimum balance penalties?
Answers from the sources
NYVO
“Keep the required monthly average balance, or switch to a lower-requirement account. A basic savings (BSBD) account has no minimum-balance rule at all. Setting a calendar alert before month-end helps, so a temporary dip does not trigger a slab-based penalty with GST added on top.”
Sourcewww.nyvo.money
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- Published
- 2026-10-23
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- 2026-10-23
- ready-scan-subjects/Q140321952
- revision Q140321952:content:d06a1a2dc27ece69