Cheque books for no-frills accounts

Prelims level : Mains level :
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  • The RBI has allowed banks to offer cheque book facility and other services to the no-frills account holders.
  • But they could not ask such account holders to maintain any minimum balance for such services.
  • As per the norms of no-frills account, account holders are not required to maintain minimum balance and can get certain minimum facilities for free.
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