Highlights Good news on minimum balance. Penalty for for non-maintenance halved. New Delhi: If you have a Savings Account in the Post Office, and you have somehow not been able to maintain the minimum balance, then this piece of news will give you the much needed respite. The government has halved the penalty for for non-maintenance of minimum balance in Saving Account. According to a notification issued by the Finance Ministry, for not maintaining the minimum balance in the post office savings account, now a penalty of Rs 50 (with GST) will be imposed as against the previous penalty of Rs 100. This has been done as per change in the rules of the Post Office Savings Account Scheme 2019.