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What is the minimum balance in Central Bank of India saving account?
Rs 50
The account can be opened with an initial deposit of Rs 50 and the minimum balance is Rs 50. No maintenance charges will be levied even though there is no average minimum balance.
Are there minimum balances for central bank?
You want a checking account with perks – security, savings, and much more! You keep a minimum balance of $1,000 and expect to earn interest at a competitive rate. Your spending is more complex than most, traveling often with high level spending amounts.
What happens if minimum balance is not maintained in CBI?
If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 – every month! Source – PTI. Most banks require their customers to maintain a minimum balance in their account. They charge their account holders for the non-maintenance of minimum average balance (MAB).
How can I check my CBI account balance?
To check your CBI account balance, you need to give a missed call to the CBI toll free number 95552 44442. Once you dial this number from your registered mobile, the call will get disconnected automatically and then you will receive an SMS giving you your account balance information.
How do I check my central bank balance?
How to check Central Bank of India account balance using the missed call facility
- For a mini statement request: 95551 44441.
- For balance enquiry: 95552 44442.
How can I check my CBI account balance through SMS?
You can also check your Central Bank of India account balance through SMS method. To do this, you need to send an SMS from your registered mobile number typing BALAVL to 99675-33228. You will get an instant SMS in reply giving you your CBI account balance information.
What is the rule of central bank?
Central banks carry out a nation’s monetary policy and control its money supply, often mandated with maintaining low inflation and steady GDP growth. On a macro basis, central banks influence interest rates and participate in open market operations to control the cost of borrowing and lending throughout an economy.
What is minimum balance in Indian bank?
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 |