0
It depends on the city/town where the bank branch is and also depends on the type of the account and the type of the customer. For a normal savings account, the minimum balance would be around Rs. 500. If you require cheque book and ATM card facility they may ask for a min balance of Rs. 1000. For students and senior citizens usually the amount is lesser than for a normal citizen of India
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Can you open a savings account online with tri counties bank?
"Tri Counties Bank offers online banking however, you must physically go to one of their locations in order to open an account. Checking and savings accounts require an initial deposit in order to open the account which has to be done in person."
How much the initial deposit to open a savings account at bpi family savings account?
1000
Will it cost you to open a bank account?
Most banks don't charge you for opening a normal bank account. However they would expect you to deposit a certain amount of money as initial deposit towards your account that is being opened. If you want to open an NRI account or a private banking account (like what some banks offer their wealthy clients) you may have to incur some charges while opening them.
What are thebasic requirements for a fixed deposit account?
The basic requirements for opening a fixed deposit account are: a. Amount to deposit b. Existing relation with bank (You need to hold some sort of account with the bank. Else, you will be asked to open one) c. Source/Proof of legal income If you have these, any bank will be willing to open an fixed deposit account for you.
How do you open savings account in bank of the philippine islands?
The Bank of the Philippine Islands or BPI has difference service to offer. For all their savings account plan, they require a photocopy of two government ID's, one 1x1 or 2x2 picture. application form, and the initial deposit.
Is there a certain amount of money required to open a free checking account at most banks?
The Answer is Yes, most and if not all banks require an initial deposit of $100.00 dollars to Open a new account. Other bank require a higher initial deposit but to the best of my knowledge for the most part a one hundred dollar deposit will do to open an account.
What will be the initial deposit to open a Bank of America account?
I think it is US $ 500 for a simple checking account. The bank would give you an ATM card and a check book for this account. However if you arrange to have a Direct Deposit (Your Monthly Salary/paycheck) into this account Bank of America waives this minimum balance requirement and you can have it as a Zero-Balance checking account.
Why initial deposit is required for opening an Account?
To reduce fraud. Bank accounts are for holding money. If you don't have any money why would you open a bank account and get a big fresh stack of checks?
Who offers current accounts?
All banks offer current accounts. There are no restrictions as to who can open a current account. As long as you have money to pay for the initial deposit to open a current account, any bank will open one for you.
Who much is the opening deposit for a checking account?
It depends on the bank and also the type of account you are opening. for example a basic feature savings account in a nationalized bank in India requires a min balance of 500 rupees and for an account with a cheque book requires 1000 rupees for private banks the min balance is usually 2500 or 5000 or even more based on the facilities provided.
How much the initial deposit to open a savings account at bpi family savings account?
1000
Can you open a savings account online with tri counties bank?
"Tri Counties Bank offers online banking however, you must physically go to one of their locations in order to open an account. Checking and savings accounts require an initial deposit in order to open the account which has to be done in person."
Will it cost you to open a bank account?
Most banks don't charge you for opening a normal bank account. However they would expect you to deposit a certain amount of money as initial deposit towards your account that is being opened. If you want to open an NRI account or a private banking account (like what some banks offer their wealthy clients) you may have to incur some charges while opening them.
What are thebasic requirements for a fixed deposit account?
The basic requirements for opening a fixed deposit account are: a. Amount to deposit b. Existing relation with bank (You need to hold some sort of account with the bank. Else, you will be asked to open one) c. Source/Proof of legal income If you have these, any bank will be willing to open an fixed deposit account for you.
How do you open a bank account to deposit a account payee cheque?
by opening a/c only can deposit n withdraw money
How much does it cost to start a bank account at Bank of America?
To open a bank account with Bank of America, a customer must have anywhere from $25 to $100 for a deposit depending on what kind of account they are wanting to open.
What is the initial deposit to open an account?
It depends on the type of account and facilities provided. In India, for a savings account it is either Rs. 500/- or Rs. 1000/- There are even banks that ask for Rs. 5000/- as initial deposit for the features they provide.
