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What if minimum balance is not maintained in BOI?
If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 – every month! Source – PTI.
What is minimum balance in Bank of Maharashtra?
Savings Deposits Balance up to Rs. 25 lakh: 3.50\% p.a. Saving Deposits Balance above Rs….Maharashtra Bank Savings Account Minimum Balance Requirements.
| TYPE OF SAVINGS ACCOUNT | MINIMUM BALANCE REQUIREMENT |
|---|---|
| Mahabank Yuva Yojana | Rs. 10 |
Can I get ATM card before 18 in BOI?
Eligibility: The Master BINGO Card can be issued to youth between the ages of 15 years to 25years (Age at the time of issuance of card) for initial period of 5 years and thereafter the same will be renewed if the age of the card holder is still below 25 years.
Which bank has zero fees?
Axos Bank, nbkc bank, Charles Schwab Bank, Discover Bank and Capital One 360 have checking accounts with no monthly fee and few other fees. However, there are other checking options available that may better suit your needs.
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.)
How much does BOI charge for debit card?
Charges per transactions are Rs. 20/- (for over 5 transaction per month if cards issued to SB accounts: and from 1st transaction for cards issued to other accounts) if transactions does through any other banks ATMs. Is there any charge for transaction from our Banks ATM? No, it is free for any number of withdrawals.
Is DBS zero balance account?
Zero Balances Savings account (Basic Savings Bank Deposit account) Free Debit Card. Free Passbook. The account can be used for day to day needs like deposit, withdrawal, remittances, etc.
Which bank has lowest minimum balance in India?
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\% |
What is the minimum balance in a savings bank account?
Generally in all banks there is no ‘minimum balance’, but it is ‘quarterly average minimum balane’ depending on your location. A savings bank account is maintained for ones savings and not as a duty for the minimum amount. See the rulrs in the web site.
What is the minimum balance to open a bank account in India?
So you have to go for a nationalized bank or some old private banks. Most banks in this category have the minimum balance requirement as Rs 500 for rural and Rs 1000 for urban branches. This is for full service accounts. ALL banks in India offer no-frills account which is a basic account with zero balance requirement.
What is a minimum balance requirement?
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.
What is the minimum amount required to open an SBI account?
The amounts vary by city and can be anywhere from Rs 5,000 and more. SBI has a minimum balance requirement of Rs 5,000 in Mumbai (Rs 1,000 in non-metros) but will charge a bi-annual accounts maintenance charge. Sometimes the minimum balance requirement is illusionary.