NACH mandate penalty

Name of Complainant Prem
Date of ComplaintJuly 5, 2023
Name(s) of companies complained against
Category of complaint Investments
Permanent link of complaint Right click to copy link
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Text of Complaint by Prem:

On 30th June, i received a message a message from my bank that “NACH mandate rejection due to insufficient balance will lead to penalty of ₹100” but at that time i had more than enough Balance (excluding FD balance) for NACH mandate.
This is the issue, why would i pay penalty even if i did nothing? I have maintained account balance for NACH mandate. Why am i getting charged/penalty. Please help me with is issue

Image Uploaded by Prem:

NACH mandate penalty

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