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It depends on the type of account you want to open. Most Nationalized banks in India allow you to open an account with a minimum deposit of Rs. 500/- or Rs. 1000/- (depending on whether the branch is a rural or city branch).
Private banks on the other hand require a higher minimum deposit - usually Rs. 5000/- or more. But, they also have special accounts which offer 0 balance facilities but they come with a condition - like if you have a salary account. You need to check with your bank to find out the exact amount
Wiki User
∙ 10y ago
Wiki User
∙ 11y agominimum deposit is the maximum amount you can spare after you save enough to manage your daily needs
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What is the disadvantages of fixed deposit?
what is the disadvantages of fixed deposit
Fixed deposit is fixed asset or current assest?
A fixed deposit in the name of a firm is not a fixed asset.
What is Accounting entry of interest on fixed deposits?
fixed deposit A/c dr. to int on fixed deposit
How do you write letter for bank fixed deposit?
I want letter for bank fixed deposit
What is the difference between fixed deposit and non convertible debenture?
fixed deposit has its fixed term, but debenture does not have any term. fixed deposit can be invested in eqty,debt or any other , but the debenture is debt only.
Highest Interest in which deposit - recurring deposit or fixed deposit?
how to calculate Recurring deposit interest ?
What do you call a portion of a bank's deposit that are not loaned?
fixed deposit
How do you claim fixed deposit?
Every Fixed Deposit will have a certificate linked to it. The bank would issue you a certificate that is the proof that you have a fixed deposit with the bank that is worth 'n' rupees and matures on 'x' date. You need to carry this back to the bank and submit it and ask for cashing your fixed deposit. The bank will accept the certificate and pay you the cash that is due for the deposit.
Is fixed asset a current asset?
fixed deposit is an assets
Who are the targeted customer for fixed deposit in India?
WHO ARE THE MAJOR TARGET MARKET FOR FIXED DEPOSITS WHO ARE THE MAJOR TARGET MARKET FOR FIXED DEPOSITS Identify the major target market of fixed deposit
How do you write a letter to bank manager for closing fixed deposit?
To Manager Subject: Closing Fixed deposit account. This is to inform you that, My Fixed deposit will mature on 01/12/2012, Kindly request you to transfer the fixed deposit to my Saving account, details are mention below. Name: Saving bank account: your faithfully *****
What is loan against fixed deposit?
Fixed deposit is the case in which you deposit the amount for a particular time period. Now the loan which you get against your deposit is a specific amount of money which is differ according to bank policy.
