chakra
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Did you read the rest of the thread? This theory of economic status has no grounds.
Banks can charge minimum balance. On top of that Scholarship funds would easily far exceed any banks minimum balance requirement. Further more, banks charge a fee for maintaining minimum balance accounts, they like to have customers running low on cash.
So wrong on all counts. The Banks are lying.
If someone is unable to maintain even a minimum balance in the account then how does one expects banks to recover the charges of maintaining an account??
And in the case the bank approaches the person to recover the charges then they will start calling this "EXPLOITATION".
Then we will have a whole new thread running on how indian banks exploit some communities!!