At a time when India is encouraging digital payments, these charges levied for want of minimum balance presents a major disincentive for the salaried class. Moreover, banks must alert customers every time such an amount is deducted.
These coins will have a standard weight of around 35 grams and will bear the rupee symbol and denominational value 350 in international numerals on its front side.
If you are a first-time home buyer during the financial year 2016-2017 you are entitled to an additional tax benefit of up to Rs 50,000 under section 80EE for the interest paid on their housing loan.