300000
Potato farms are STILL alive!
For a savings account without a checkbook, Rs500 is the minimum balance required to open and maintain the account. For a savings account with a checkbook, the minimum balance doubles to Rs1,000.
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
Checking account
A 'No Frills' account is a basic banking account. Such account requires either nil minimum balance or very low minimum balance. Charges applicable to such accounts are low. Services available to such account is limited.
In Salary Account 0 balance is allowed and in saving account minimum balance required
No. If the bank mentions a minimum balance, if you do not maintain it, it would charge you the penalty.
1000/-
No, most banks in UAE do not ask for an minimum balance in a savings account. However, you must check with your bank for exact details.
The minimum sum of cash balances daily. Example - if your checking account requires a minimum daily collected balance of $500 to avoid a monthly maintenance fee, you must keep your cash balance in your checking account at or above $500.
It depends on the type of account you have. For ex:For a regular savings account you need a quarterly minimum balance of Rs. 10000/-For a Salary account - it is '0'For a Savings account with a Gold Debit card - it is Rs. 50000/- quarterly balanceEtc.