Reg: Increase of Minimum Balance

Location/place: Bangalore

Name of company/service: Citibank

I am using the citibank account for the past 3 years. I was told that the minimum balance to be maintained was 25000. That is the reason why I was maintaining the account . Today I got a mail stating that the minimum balance is 1 lakh .

I already had opened a tax saver deposit for maintaining the minimum balance. Now I am being told that I cannot withdraw the tax saver deposit, nor could I close the account, because I have a tax saver deposit.

And failing to maintain the minimum balance of 1 lakh , I have to pay 500 rupees every month as a fine.

Is this some kind of a trap or what?

What is the guarantee that after 2 months they wont increase the minimum balance again ?

This is unfair and unethical on the part of citibank, being called the most trusted foreign bank .. well they cannot be trusted .. !!!!