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Letter from a Bank, asking an account holder to keep Minimum Prescribed Balance in his account

Letter from a Bank, asking an account holder to keep Minimum Prescribed Balance in his account.

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To

Mr…………………(Name)

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Address

Dear Sir,

Sub: Maintaining the prescribed minimum balance in your account

It has been observed that you have not been maintaining the prescribed minimum balance of Rs 5,000/- in the current account of your firm. This is to inform you that failing to maintain minimum balance in the current account, entitles the bank to charge a penalty of Rs. 50/- per day and also, the bank has the right to close the account.

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You are, therefore, advised to keep the minimum balance in the current account of your firm.

Thanking you,

Yours faithfully

Your Name

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