Table of Contents [hide]
- 1 What is minimum balance in Allahabad Bank?
- 2 What is monthly average balance charge in Allahabad Bank?
- 3 Why do banks charge transaction fees?
- 4 How can I check my account balance in Allahabad Bank?
- 5 What if minimum balance is not maintained in Allahabad Bank?
- 6 How do I stop money being taken from my account?
What is minimum balance in Allahabad Bank?
The minimum balance to open an account in all other branches is Rs. 1,000. For issue of cheque book, an additional Rs. 100 is to be paid in rural and sub-urban branches.
What is monthly average balance charge in Allahabad Bank?
A lot of PSU banks like SBI bank, Bank of India, Allahabad bank generally have a lower monthly average balance to be maintained in saving bank account, it’s average limit is up to Rs. 5000 non-Maintenance Charges are very low around Rs. 40-50 only.
Why do banks charge transaction fees?
Banks have to pay salaries and other overheads, and physical branches (which have to pay for rent, electricity and security) can be especially expensive. There are still a few running costs left over, and the fairest way to recoup those costs is by charging customers fees for their banking transactions.
What is the minimum balance in Indian Overseas Bank?
MINIMUM BALANCE It is Rs. 500 for non-cheque operated account and Rs. 1000 for cheque operated account in other branches. For pension accounts the minimum balance is Rs.
What happens if I don’t maintain minimum balance in Allahabad Bank?
What happens if I do not maintain the minimum monthly balance in my Allahabad Bank account? If the required monthly balance is not maintained in your Allahabad Bank account, a penalty of Rs. 25 will be levied once in a month.
How can I check my account balance in Allahabad Bank?
If you want to check your account balance without the internet, you can use Allahabad Bank’s miss call service or SMS service. Give a missed call to 09223150150 from your registered mobile number or type ‘BALAVL ‘ and send it to the same number. Q.
What if minimum balance is not maintained in Allahabad Bank?
How do I stop money being taken from my account?
Give your bank a “stop payment order” Even if you have not revoked your authorization with the company, you can stop an automatic payment from being charged to your account by giving your bank a “stop payment order” . This instructs your bank to stop allowing the company to take payments from your account.