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How much amount can be withdraw from a savings account per day in state bank of India?
Wiki User
∙ 10y ago
Through ATMs the amount that can be withdrawn is usually limited to Rs. 25,000 or Rs. 50,000 per day depending on the type of account you have and the type of debit/ATM card you have.
But, if you are going to visit the bank branch for withdrawal, then technically there is no limit. You can withdraw as much money as you have in your bank account. For larger amounts like 50 lakhs or 1 crore, you may have to give the bank at least one day notice so that they can arrange the funds because most bank branches do not keep that much money in their vaults.
Wiki User
∙ 10y ago
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What is MOD account with State Bank of India?
AAn acoount of which even some bank managers are not clear .If you withdraw a part ,will it be breaking of your term deposit or a simply withdrawl from your account ,the remaining amount will earn the same rate of as it was fixed at the time of making MOD.
What are the types of deposits in SBI bank?
State Bank of India offers different types of accounts. They are: a. Savings Account b. Current Account c. Fixed Deposit Account d. Recurring Deposit Account e. Senior Citizen Deposit Account f. Senior Citizen Pension Account g. Etc.
How many digits are in an Indian overseas bank savings account number?
15 digits (the first four digits is the branch code)
Which of the following countries has the lowest household savings rate A China b India c US d UK?
India
Who is the owner of axis bank in India?
Axis Bank is owned by the various large Insurance companies in India like Life Insurance Corporation, National Insurance Ltd, United India Insurance etc. Adarsh Kishore is the Chairman of Axis Bank and Shikha Sharma is the Managing Director and Chief Executive Officer of the bank. Axis bank is one of India's largest banks. It was established in 1995 and has over 1000 branches and 6000 ATMs across India. They offer all kinds of services like savings account, current account, credit/debit card, internet banking, loans etc
What is the maximum limit to withdraw the amount from sbi ATM account?
40,000 INR /day for STATE BANK OF INDIA account holder.
Which bank in has the highest interest in checking and savings account?
Karnataka bank in india has highest interest in savings account. For the amount kept between 7 to 45days you get 4.5% as interest
Can you withdraw from Natwest bank account from India?
Yes
How many digits are there in the savings account of Bank of India?
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What is saving bank?
A Savings bank is the most simple and traditional form of bank account. you can deposit cash and withdraw it whenever you want. Since you can withdraw your money anytime, the interest you earn on it is very minimal. Usually banks offer 3.5% to 4% on the minimum balance maintained by you in your account.
What are different types of bank accounts?
In India: Savings Account Current Account Fixed Deposits account Recurring Deposits account DEMAT Account etc.
What is current account in bank?
A current account is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account. Savings accounts are much more common in India than current accounts.
What was the average savings account yield from 2008 - 2011?
The Average savings account yield would be 3.5% per year from 2008 onwards. It was the same until 2010. In 2011 the Reserve Bank increased the savings account interest rate to 4%. This makes India the country that offers the highest interest rate on savings account.
Total number of savings account holders in India?
It could be around 1 CRORE
What is an example of interest-bearing account?
An Interest bearing account is a bank account in which, the banks pays you an interest for keeping your money deposited in that account. Ex: Savings Bank Account - You usually get around 3.5% rate of interest on the money you hold in your savings account in India.
Are there risks in a savings account?
There are no risks in a savings account. The bank is entitled to pay you the money you have saved in your account anytime you wish to withdraw it. Even if the bank goes bankrupt, the central banks of the corresponding country would be able to pay you off till a certail limit. For example in India if your bank goes bankrupt, the RBI would pay you till a limit of Rs. 1 lakh. Hence saving accounts are pretty safe.
Difference between current account and savings bank acount?
A savings account is one in which you can deposit your money, but there is a limitation on the number of transactions (Both credit and debit) that you can perform on your account. You will receive a nominal interest rate of around 4% per year on the minimum monthly balance you maintain in your account. A current account is similar to your savings account with a small difference. You can have unlimited number of transactions on your account. Also you do not receive any interest on your deposit money. Savings accounts is for normal citizens and Current accounts are for businesses and organizations.
