0
What is the minimum age for boys to open an individual bank account in India?
Wiki User
∙ 11y ago
10 years is the minimum age.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Procedure for opening of Bank Account for Blind Person in India?
The procedure for opening of bank account for blind person in India dictates that they cannot open an independent account. They are required to open a joint account with a sighted person.
What is minimum age to open bank account in PA?
above18 year
What are the differences between Nostro and Vostro Account?
Vostro Account: Account held by a foreign bank in a domestic bank is called vostro account. For example UBS of Switzerland opening an account in SBI in India, this is vostro account for SBI India. Nostro Account: Account held by a particular domestic bank in a foreign bank is called Nostro account. Here in the above example given in Vostro account the same account is a Nostro account for UBS Switzerland, or if SBI India opens an account in UBS Switzerland then that account is a Nostro account for SBI India. Nostro accounts are usually in the currency of the foreign country. This allows for easy cash management because currency doesn't need to be converted. Vostro Account: Account held by a foreign bank in a domestic bank is called vostro account. For example UBS of Switzerland opening an account in SBI in India, this is vostro account for SBI India. Nostro Account: Account held by a particular domestic bank in a foreign bank is calledNostro account. Here in the above example given in Vostro account the same account isa nostro account for UBS Switzerland, or if SBI India opens an account in UBSSwitzerland then that account is a Nostro account for SBI India. Nostro accounts areusually in the currency of the foreign country. This allows for easy cash managementbecause currency doesn't need to be converted.
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.
State Bank of India account number check?
verification of account no.657010110001866
What is minimum amount required to open an account in iob bank?
Rs. 500 is the minimum amount required to open an account in iob bank
What is the swift code for State bank of india?
Swift code for Bank Transfer of Money from NatWest account to an account in State Bank of India
What is the minimum age to open up a bank account?
There is no minimum age limit
Which bank providing dollar account in India?
bank of scatland
What happens if you open an account but it has no money?
Some banks offer zero account balance accounts. In them you need not maintain any minimum balance to run the account. But in most cases each bank would have a minimum amount that needs to be maintained. For example in a Nationalized Bank in India where the account gives you features like cheque book, ATM card etc, the minimum balance is 1000 rupees. In case you fail to maintain the minimum balance then the bank has the rights to charge a penalty. This would be charged on a monthly basis based on the number of times your account has failed to maintain the min balance.
How much does it cost to own a savings account?
In India owning a savings account is free. There are no charges to open or maintain an account but you need to maintain a minimum balance as per the banks regulations & features offered. For a basic savings account Rs. 500 would be a minimum balance. For accounts with ATM cards and cheque books it would be Rs. 1000 or even more based on the bank. If you fail to maintain the minimum balance, the bank has the right to charge a penalty on your account.
Can a person close a bank savings account not in their name?
A bank account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
What is ment by vostro account?
Vostro Account: Account held by a foreign bank in a domestic bank is called vostroaccount. For example UBS of Switzerland opening an account in SBI in India, this isvostro account for SBI India.
Which bank has provided the saving bank facility to the largest number of account holders in India?
State Bank of India is the largest bank in India and it has the most number of account holders. The banks that are in the list in order are: 1. State Bank of India 2. Punjab National Bank 3. Syndicate Bank 4. ICICI Bank 5. HDFC Bank
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.
Can a bank freeze your account over a sworn affidavit from an individual statement?
No, a bank will not freeze your account without a court order from a judge. They won't freeze an account over an individual statement.
What is the procedure to open an account in a bank in India?
Only Companies can approach branch for opening Salary Accounts. Criteria: Minimum No. Of Employees: 10 Minimum Accumulated salary of all employees: Rs.1,00,000 Vivek@SBI www.statebank.org.in
