Lockdown: Telangana Grameena Bank waves off Mininum Balance

Hyderabad: Telangana Grameena Bank (TGB) said to wave off minimum balance charges on saving accounts and now there is no need to maintain minimum cash balance during lockdown.

In a press communique, Telangana Grameena Bank chairman V Arvind said the decision was taken during Coronavirus crisis. On the occasion, he advised the account holders to utilize
the facility. The TGB saving account holders in Rural and Semi-Urban areas have to maintain Rs 500 and Rs 1500 in Urban areas as minimum balance in the account. For not maintaining the
minimum balance in the account, the bank charges Rs 250 per month.

TGB chairman urged the customers to continue the transactions through online banking, mobile banking without coming to the bank. He also requested to follow social distancing
to control the spread of Coronavirus.