Table of Contents
- 1 What is minimum balance for Syndicate Bank?
- 2 What is the penalty for not maintaining minimum balance in Canara Bank?
- 3 Is Syndicate Bank merged with Canara Bank?
- 4 What is the minimum balance in Bank of India?
- 5 How good is Syndicate Bank?
- 6 What is the average monthly balance required for Syndicate Bank Savings Account?
- 7 How many branches are there in Syndicate Bank?
What is minimum balance for Syndicate Bank?
For Syndicate Bank or Canara Bank Savings Account requiring average monthly balance, Rs. 1000 should be maintained for urban/semi-urban/metro branches and Rs. 500 to be maintained for rural branches.
What is the penalty for not maintaining minimum balance in Canara Bank?
If you are not maintaining an average monthly balance Rs. 5000 (Urban/Metro Branches) and Rs. 1000 (Rural/Semi-Urban Branches), then you will be charged Rs. 60 per day and Max: Rs.
Can I open zero balance account in Syndicate Bank?
Syndicate Bank offers only two types of Savings Accounts to its customers. One is the regular Savings Account while the other one is a zero balance savings account.
What is the minimum required balance?
A minimum balance requirement is the minimum amount of money that you have to keep in your bank account, usually in order to waive the account’s monthly fee. For example, if a bank account has a $100 minimum balance requirement, you want to make sure that you don’t let your balance fall to $99.99 or less.
Is Syndicate Bank merged with Canara Bank?
In April last year, Syndicate Bank was merged into Canara Bank. While the merger came into effect in April 2020, the IFSC and MICR codes are updating from the starting of Financial Year 2022, i.e. from April 1, 2021.
What is the minimum balance in Bank of India?
Charges for Non-Maintaining Average Quarterly Balance
| Metro/Urban | |
|---|---|
| Maintenance of minimum Average Quarterly Balance(AQB) | Rs. 1000/- |
| Minimum Balance Charge | Rs. 200/- per quarter |
| Charges will be levied as under | |
| AQB is in the range | \% of Penal Charge |
Is there zero-balance account in Canara Bank?
The primary benefit of the Canara Bank Basic Savings Deposit Account is that it is a zero-balance savings account. With this account, there is no minimum balance requirement as with other savings accounts and there are no maintenance charges. Free debit card at the time of opening the account.
What is the minimum balance for student account?
You need to maintain a monthly average balance of INR 5,000/- at account level or INR 5,000 at Customer ID level. If you are unable to maintain this minimum Monthly average balance at account level, Monthly service charges as mentioned below will be levied. Click here for the complete list of other service charges.
How good is Syndicate Bank?
0.5 4.0/5 “Great!” Syndicate bank is a good service and I have been holding a saving account for more than 5 years. There is no hidden charges in this bank but need to maintain a minimum balance of 1000 rupees.
What is the average monthly balance required for Syndicate Bank Savings Account?
For Syndicate Bank or Canara Bank Savings Account requiring average monthly balance, Rs. 1000 should be maintained for urban/semi-urban/metro branches and Rs. 500 to be maintained for rural branches.
Is there any minimum balance requirement for Savings Advantage Account?
Yes Bank Minimum Balance Requirements. Yes Bank customers who have opened Savings Advantage Account are required to fulfill a minimum balance requirement of Rs. 10,000 per month. Any customer who fails to maintain an Average Monthly Balance (AMB) will be required to pay a non-maintenance charge up to Rs. 500 per month.
What is the minimum balance required for indindusind bank privilege savings account?
IndusInd Bank customers who have their Privilege Savings Accounts with Category A and Category B branches need to fulfill a minimum balance requirement of Rs. 10,000. Customers having their savings account in Category C branches are required to fulfill a minimum balance requirement of Rs. 5,000.
How many branches are there in Syndicate Bank?
Started with humble origins, the bank currently spans a country wide network of 3552 branches. The bank also has a vast ATM network that covers every region in India. Effective 1 April 2020, Syndicate Bank has merged with Canara Bank. For now there are no changes in Account Number and IFSC Code.