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What is minimum amount required to open an account in iob bank?
Wiki User
∙ 12y ago
Rs. 500 is the minimum amount required to open an account in iob bank
Wiki User
∙ 12y ago
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What is the minimum amount of money required to open a bank account in the UAE?
Varies from bank to bank and you must have residency within the UAE
At a bank to receive interest is a minimum balance required?
If an account is interest based then any amount is fine
How much amount to open saving account on sbi?
The minimum amount required depends on the facilities you want. If you want an ATM card and a cheque book on your account, the bank will ask you for Rs. 1000/- or more as minimum deposit. If you don't want these features then the bank should accept only Rs. 500/- as the minimum deposit.
Will your checking account be closed if you fall below the minimum balance required?
Usually No. the bank will charge you a penalty fee for letting your balance go below the minimum amount. However if you repeat the same continuously the bank may close your checking account.
What is the minimum balance required in savings account in standard chartered bank?
The minimum balance required in a savings account at Standard Chartered Bank may vary depending on the specific account type and location. It is recommended to check with the bank or refer to their official website for accurate and up-to-date information on the minimum balance requirements.
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
What is minimum balance?
The minimum amount a bank or other financial institution requires a customer to maintain in his or her account. The institution can set a minimum balance level for any of its accounts, and this amount will vary by institution. Usually, if the required minimum balance is not maintained, the customer is charged various fees for failing to meet the requirements.
What is minimum cash balance policy?
This is the minimum amount of cash that you need to keep in your bank account in order to keep your account open or receive interest. In most cases, it is a relatively small amount.
Do business bank accounts require a minimum amount of money to be kept in an account monthly?
Most banks do not require a minimum balance to be kept in a business account. If you are looking at obtaining one, you will want to check with your local bank if they require a minimum balance.
What is the minimum amount need to start a checking account at 5th 3rd bank?
To start a checking account at a fifth third bank you must at least have a minimum of fifteen dollars, because fifteen dollars is the cost of the monthly fees to keep the checking account.
Minimum amount of gold should be in reserve account of the currency making reserve bank?
What are types of currencies reserves?
Can one get a free and easy checking account at Beneficial Saving Bank?
Yes, you can get a free and easy checking account at Beneficial Saving Bank. Most banks will also offer free balance transfers and no minimum amount in the account.
