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0 for maintenance w.e.f. 25/04/2012. Rs. 100/- for opening
The requirements on a high yield savings account vary depending on the bank that you choose. Some have minimum deposits, others have a minimum average balance. One should always check with the bank they are interested in and competitors before opening an account.
Providing you a bank account and service at the branch means that the bank incurs some expenses or should I say cost. In order to cover for that cost, banks usually specify a minimum balance based on the type of account and services you wish to avail. This minimum balance should be sufficient to offset the cost the bank incurs in providing you with the requisite services. At the end of the day, it is a business for the bank and their motive is to make a profit while providing you with banking services. That is why they require you to maintain a minimum balance on your savings account.
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.
Yes. If the bank does something that is not correct you can always sue the bank. For ex: if a bank charges you a fee for not maintaining your minimum balance even though you have sufficient balance in your account, you can raise a complaint with the bank to reverse the fee. If they fail to do so, you can sue them legally because what they did was wrong and you had enough balance in your account and they should have never charged you that fee.
1000/-
0 for maintenance w.e.f. 25/04/2012. Rs. 100/- for opening
The requirements on a high yield savings account vary depending on the bank that you choose. Some have minimum deposits, others have a minimum average balance. One should always check with the bank they are interested in and competitors before opening an account.
You have to have money to invest money, so an empty account would not have investing ability. Most companies require a minimum investment, which should be close to the minimum balance for your account.
If you are getting a free checking account. The balance reuqirement should be zero dollars and should have keep the account open with a one penny.
Providing you a bank account and service at the branch means that the bank incurs some expenses or should I say cost. In order to cover for that cost, banks usually specify a minimum balance based on the type of account and services you wish to avail. This minimum balance should be sufficient to offset the cost the bank incurs in providing you with the requisite services. At the end of the day, it is a business for the bank and their motive is to make a profit while providing you with banking services. That is why they require you to maintain a minimum balance on your savings account.
we should entry the opening balance to account for total balance ,That adjustment is opening balance control
A child's savings account should feature a good percentage of AER to make sure the best interest is received. Withdrawals should also be kept to a minimum as to promote saving and not spending and also making it harder to access the savings. Bonuses are also sometimes available, which is a good motivation to saving for children.
To check your account balance, go to your local bank and ask them to check it for you. They should be able to tell you what your account balance is. Otherwise, if that needs to be done online, log into your local bank's website and you should be able to check your account balance on your own.
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.
Only if you are working in a company & that company should have account in icici.then only u can have "0" balance account. otherwise it is not possible.
No. A revenue account should always show a credit balance.