Mahatma Gandhi delivered speech for just ten minutes, and donations poured in: Pro. Venkatasubbiah
Bengaluru: Mahatma Gandhi had delivered a speech for only ten minutes, that too in Hindi language and in front of Kannada people who did not know Hindi. All of them were villagers. They were economically weaker and poor. Most of them were women. However, people who understood Gandhi's speech gave donations generously and participated in India's freedom struggle. Besides, the people of Madhugiri in Tumkur had become kind-hearted in the Mahatma’s eyes; stated Kannada writer Prof. G Venkatasubbiah.
The 105-year-old Professor Venkatasubbaiah, the father of Kannada grammar, was speaking through video call during the celebration of the Mahatma Gandhi’s birth anniversary, organized by the Sharada Stree Samaj of Chamarajpet in association with the Department of Information and Public Relations.
Sharada Stree Samaj President Umesh Rudra, DP. Muralidhar, Deputy Director, Department of Information and Public Relations, Bengaluru District; BV Chetan Kumar, and others were present.
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ICICI Bank trims hike, lowers min balance requirement to Rs 15,000 from Rs 50,000
New Delhi, Aug 13 (PTI): In a U-turn, ICICI Bank has slashed the minimum monthly average balance (MAB) requirement to Rs 15,000 from Rs 50,000, citing "valuable feedback" from customers.
The minimum balance requirement for its new savings bank accounts opened on or after August 1 was recently raised five times to Rs 50,000.
"Following valuable feedback from our customers, we have revised these requirements to better reflect their expectations and preferences. We thank our customers for their continued trust and feedback, which help us serve them better," ICICI Bank posted on its website.
Similarly, the MAB for semi-urban and rural locations has been revised downwards to Rs 7,500 and Rs 2,500 respectively, it said.
Before August 1, the MAB for semi-urban and rural was Rs 5,000.
However, the bank said the revised MAB requirements are not applicable to salary accounts, senior citizens/pensioners (above 60 years), basic savings bank deposit account/PM Jandhan Yojana, and accounts for people with special needs.
They are also not applicable to savings accounts opened before July 31, 2025.
MAB is the minimum balance that a customer is required to maintain in a bank account. If the balance falls below the required amount, the bank levies a penalty.
In case account holders fail to meet the MAB, customers will be liable to pay penal charges of 6 per cent of the shortfall in required MAB, or Rs 500, whichever is lower.
The balance in the savings bank account of ICICI Bank earns an interest of 2.5 per cent per annum, it said.
The hike in MAB comes at a time when public sector banks have rationalised their penalties or completely waived them.
