Table of Contents
- 1 What is the minimum balance for Cheque book?
- 2 What if minimum balance is not maintained in Bank of Maharashtra?
- 3 What is the minimum balance maintained by savings account?
- 4 What is the minimum balance in bank account?
- 5 Is a savings account free?
- 6 What is the minimum balance required for savings bank account in Maharashtra?
- 7 How is Bank of Maharashtra in Pune?
What is the minimum balance for Cheque book?
For cheque book operated accounts, the minimum monthly average balance shall be Rs. 1000. Savings Accounts are also opened for Pensioners and Bonafide students with lesser minimum balance.
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 the minimum balance maintained by savings account?
List of All Banks Savings Account Interest Rates and Minimum Balance 2021
| List of Savings Account Banks | Minimum Balance Required(INR) |
|---|---|
| Federal Bank | 0 |
| HDFC Bank | 2500/5000/10000/25000 |
| ICICI Bank | 0/1000/2000/2500/5000/10000 |
| IDBI Bank | 500/2500/5000 |
What is minimum balance in Indian bank saving account?
Overview of Indian Bank Savings Bank
| Bank | Indian Bank |
|---|---|
| Initial Deposit Requirements | Nil |
| Minimum Amount | Minimum amount for non-cheque operation is Rs.250/- Minimum balance for cheque operation is Rs.500/- Pensioners and bonafide students may have lesser minimum balance |
| Debit Card Offered | Free ATM cards/Debit cards provided |
What is the minimum balance in SBI cheque?
The minimum balance needed in an SBI BSBD account is zero, and the maximum amount that can be kept in this account is limitless.
What is the minimum balance in bank account?
The minimum balance is usually calculated as the actual dollar balance in the account but may be an average balance in the account over a certain period of time. This is beneficial for individuals that don’t have a steady source of income. There can also be more than one minimum balance for the same account.
Is a savings account free?
Free Savings Accounts vs. Traditional savings accounts are offered by big, national banks and typically charge a monthly maintenance fee to keep the account open. You can often get the fee waived by maintaining a minimum balance, but if your balance dips below that requirement even for a month, you’ll be charged a fee.
What is the minimum balance required for savings bank account in Maharashtra?
The minimum balance required for Savings bank account inBank ofMaharashtra is depending on centre. The rates are for rural centreit is Rs. 500/-,semi urbanit is Rs.1000/-, and urban and metropolitan it is Rs.1500/-.Different concessionsare available fordifferent type of SB acs.
What is the minimum amount required to visit a bank branch?
Minimum amount varies from 500 to 5000, depending upon the demographic classification of area.Like if you are visiting a rural branch amount should be 500, for semi urban branches it is 1500 and for metro branches it is 5000. Basically amount is not fixed at this limits but calculation is done through minimum…
What are the requirements for HUF account in bank of Maharashtra?
Hindu Undivided Family accounts need to provide valid address proof and identity proof. HUF also needs to provide valid PAN Card/Form 60/Declaration from the Karta What are the types of Savings Bank accounts offered by Bank of Maharashtra?
How is Bank of Maharashtra in Pune?
An extremely trusted and popular bank in the nation, Bank of Maharashtra started its operations in Pune in the year 1936. Since its existence the bank has aimed at offering a wide range of financial products and services to customers.