Table of Contents
- 1 Is there a minimum balance that needs to be in a savings account?
- 2 What if minimum balance is not maintained in bank of Maharashtra?
- 3 What is zero balance account in bank of Maharashtra?
- 4 Which bank has zero minimum balance?
- 5 Can I start a bank account with no money?
- 6 Which bank is salary account?
Is there a minimum balance that needs to be in a savings account?
Yes, there is a minimum balance required to open a savings account.
What if minimum balance is not maintained in bank of Maharashtra?
Minimum balance should be maintained in the account on Monthly Average basis. If Monthly Average Minimum Balance in the account is not maintained, service charges will be levied once in every Quarter.
What is minimum balance in bank?
List of All Banks Savings Account Interest Rates and Minimum Balance 2021
| List of Savings Account Banks | Minimum Balance Required(INR) |
|---|---|
| HDFC Bank | 2500/5000/10000/25000 |
| ICICI Bank | 0/1000/2000/2500/5000/10000 |
| IDBI Bank | 500/2500/5000 |
| IDFC Bank | 25000 |
What is the minimum amount for opening a bank account?
Customers having their bank branches in semi-urban and rural branches are required to maintain AMB of Rs. 5,000 and Rs 2,500 (or Fixed Deposit of Rs. 10,000 for minimum 1 year 1 day period) respectively.
What is zero balance account in bank of Maharashtra?
Account can be opened with zero balance. The initial credit could be by way of cheque/credit of salary/other instruments, etc. No minimum balance requirement in the account (Zero Balance Account), however we would encourage them to keep balance as a matter of thrift. Available (Annual Charges applicable.)
Which bank has zero minimum balance?
Latest Interest Rate for Zero Balance Savings Account
| Bank | Name of zero-balance savings account | Interest rate |
|---|---|---|
| Kotak Mahindra Bank | 811 | 4\% to 6\% |
| Standard Chartered Bank | Basic Banking Account | 0.5\% to 4.90\% |
| HDFC Bank | Basic Savings Bank Deposit Account | 3.50\% to 4\% |
| Axis Bank | Basic Savings Account | 3.50\% to 4\% |
What bank has no minimum balance required?
Best Free Checking Accounts With No Minimum Deposit at a Glance
| Best Free Checking Accounts with No Minimum Deposit: April 2020 | ||
|---|---|---|
| Bank + Product Name | Fee | Minimum Balance Required |
| Ally Bank Interest Checking | $0 | $0 |
| Axos Bank Essential Checking | $0 | $0 |
| CapitalOne 360 Checking | $0 | $0 |
Which bank offers lowest minimum balance?
List of All Banks Savings Account Interest Rates and Minimum Balance 2021
| List of Savings Account Banks | Minimum Balance Required(INR) | Savings Account Interest Rates (p.a.) |
|---|---|---|
| ICICI Bank | 0/1000/2000/2500/5000/10000 | 3.00\% – 3.50\% |
| IDBI Bank | 500/2500/5000 | 3.30\% – 3.80\% |
| IDFC Bank | 25000 | 6.00\% – 7.00\% |
| Indian Bank | 250/500/1000 | 3.00\% |
Can I start a bank account with no money?
The short answer is yes. You don’t need a deposit to open a bank account, if you choose a bank that doesn’t require one. A handful of online-only banks and banks with online banking do not require a deposit.
Which bank is salary account?
Axis Bank Salary Account Axis Bank Salary Accounts offer employees seamless and convenient access to their salaries. Open a Salary Account that is most appropriate for your employees’ job profiles and let them enjoy a myriad of added benefits, including special debit cards.
What is maintenance charge in Maharashtra bank?
Metro/Urban *MAB Rs 1500/- Shortfall<=50\% : Rs 20/- per month. Shortfall>50\% to 75\% : Rs 30/- per month. Shortfall>75\%: Rs 40/- per month. Semi Urban *MAB Rs 500/-