Potato farms are STILL alive!
Checking account
In Salary Account 0 balance is allowed and in saving account minimum balance required
No, most banks in UAE do not ask for an minimum balance in a savings account. However, you must check with your bank for exact details.
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.
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.
300000
For a savings account without a checkbook, Rs500 is the minimum balance required to open and maintain the account. For a savings account with a checkbook, the minimum balance doubles to Rs1,000.
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
A Minimum Balance Fee is a payment made to your bank for not having enough money in your savings account, checkings account, ETC.
Checking account
A 'No Frills' account is a basic banking account. Such account requires either nil minimum balance or very low minimum balance. Charges applicable to such accounts are low. Services available to such account is limited.
In Salary Account 0 balance is allowed and in saving account minimum balance required
No. If the bank mentions a minimum balance, if you do not maintain it, it would charge you the penalty.
1000/-
No, most banks in UAE do not ask for an minimum balance in a savings account. However, you must check with your bank for exact details.
The minimum sum of cash balances daily. Example - if your checking account requires a minimum daily collected balance of $500 to avoid a monthly maintenance fee, you must keep your cash balance in your checking account at or above $500.
It depends on the type of account you have. For ex:For a regular savings account you need a quarterly minimum balance of Rs. 10000/-For a Salary account - it is '0'For a Savings account with a Gold Debit card - it is Rs. 50000/- quarterly balanceEtc.