Q: I have opened an account in a bank and it offers a free ATM card. One of the features is that if you keep Rs. 25000 in your account then whenever the amount falls below 25k, a certain amount gets deducted on each transaction u make in that month in which the total balance was below 25k. Is it permissible to use such a bank account ?
It is not a saving account but free services like ATM, bankers cheque, sms banking are provided if a certain amount i.e. Rs. 25000.
A: Dropping off the service fee is their internal working. If they are offering a service free to you then you are allowed to use it.
And Allah Ta’ala (الله تعالى) knows best.
Mufti Ebrahim Salejee (Isipingo Beach)