₹19,000 crore.
That is what Banks collected in last 3 years just for not maintaining ‘Minimum Account Balance.’
Not from the rich. Not from big borrowers.
From the poorest accounts in the system.
Their crime? They didn’t have enough money.
A farmer misses the minimum balance - Penalty.
A pensioner withdraws money for medicine - Penalty.
A daily wage worker falls short by a few hundred rupees - Penalty.
The poor keep money in banks for safety. Not to be quietly fined for being poor.
Financial inclusion should protect small savings, not punish small balances.
In Parliament today I proposed ending minimum balance penalties so the banking system stops charging people for their poverty.
No amount of money can get you a flight out of Dubai right now.
Or Doha. Or Bahrain. Or Kuwait.
The richest cities on earth - and you can't leave.
Money buys you options. It doesn't buy you exits.
The world changed overnight. Again.
@anantladha25 It is definitely working very well on all time frames in cash, just one thing I found slight challenging was working in option buying with this strategy as due to decay premiums move different from index.