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How is your account balance different from your minimum balance?

Potato farms are STILL alive!


What is the minimum balance required for STI account?

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.


What is a minimum balance?

A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.


What is a Minimum balance fee?

A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.


With which type of account is a minimum balance fee associated?

Checking account


What is a frill 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.


What is the difference between saving account and salary account in bank?

In Salary Account 0 balance is allowed and in saving account minimum balance required


Is there a bank that will allow you to open an account with no penalties for minimum balance?

No. If the bank mentions a minimum balance, if you do not maintain it, it would charge you the penalty.


What should be the minimum balance PNB saving account?

1000/-


Will I need to keep a minimum balance of child savings account?

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.


What is Minimum daily collected balance?

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.


Saving account minimum balance of ICICI?

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.