Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

Are there any penalties for falling below the minimum balance?

The Castler digital escrow system is a platform that facilitates secure transactions between parties by holding funds in an escrow account until the terms of the transaction are met. The system ensures that both parties fulfill their obligations before releasing the funds to the appropriate party.

Regarding the question of penalties for falling below the minimum balance, it is important to note that Castler does not have a minimum balance requirement. However, there may be fees associated with using the platform, such as transaction fees or account maintenance fees. These fees are typically outlined in the user agreement and may vary depending on the specific terms of the transaction.

It is important for users to carefully review the terms and conditions of using the Castler digital escrow system to understand any potential fees or penalties that may apply. By doing so, users can ensure that they are fully informed and can make informed decisions about using the platform for their transactions.