Salary accounts have very low or no requirements for minimum balance. Minimum Average Balance to be maintained – 5,00,000; Charges for non-maintenance of Minimum Balance – 8,000; For complete details on Current Account please refer here ; Roaming Current Account Standard. Current accounts also allows to make payments to creditors through the cheque facility offered by the bank. How To Practice In Order To Build A Habit For Money Saving, Different Scenarios For Saving And Investment, Exchange Earners Foreign Currency (EEFC) Account, Business Solutions For E-Commerce Industry, Minimum Average Balance to be maintained – 10,000, Charges for non-maintenance of Minimum Balance – 1,500, Cash Deposit Limit (Base Location) – Free upto ₹ 50 lacs per month or 50 transactions (whichever is breached first) Charges @ ₹ 3/-per ₹ 1,000/- minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (non Base Location) – No free limit Charges @ ₹ 3.5/- per ₹ 1,000/-, minimum ₹ 50/- per txn, Cash Withdrawal Limit (Base Location) – ₹ 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Cash Withdrawal Limit (non Base Location) – ₹ 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (Base Location) – Free upto ₹ 10 lacs per month or 25 transactions (whichever is breached first) Charges @ ₹ 3/-per ₹ 1,000/- minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (non Base Location) – 1,00,000, Cash Withdrawal Limit (Base Location) – Free, Cash Withdrawal Limit (non Base Location) – No free limit Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Minimum Average Balance to be maintained – 5,00,000, Charges for non-maintenance of Minimum Balance – 8,000, Cash Deposit Limit (Base Location) – Free 12 times Current Month AMB (Upper Cap - ₹ 75 Crs) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- txn beyond free limits, Cash Deposit Limit (non Base Location) – 5,00,000, Cash Withdrawal Limit (non Base Location) – Free 12 times Current Month AMB (Upper Cap - ₹ 75 Crs) Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per transaction beyoond free limits, Minimum Average Balance to be maintained – 50,000, Charges for non-maintenance of Minimum Balance – 3,000, Cash Deposit Limit (Base Location) – Free 10 times Current Month AMB (Upper Cap - ₹ 50 Crs) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- txn beyond free limits, Cash Withdrawal Limit (non Base Location) – Free 10 times Current Month AMB (Upper Cap - ₹ 50 Crs) Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per transaction beyond free limits, Cash Deposit Limit (non Base Location) – 5,00,000, Cash Deposit Limit (non Base Location) – 50,000, Cash Withdrawal Limit (non Base Location) – No free limit Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn, Cash Deposit Limit (Base Location) – Free upto ₹ 50 lacs per month or 50 transactions (whichever is breached first) Charges @ ₹ 4/-per ₹ 1,000/- minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (non Base Location) – 1,00,000, Cash Withdrawal Limit (non Base Location) – 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Minimum Average Balance to be maintained – 25,000, Charges for non-maintenance of Minimum Balance – 1,800, Cash Deposit Limit (Base Location) – Free upto ₹ 3 lacs per month or 25 txns (whichever is breached first) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (non Base Location) – 25,000, Cash Withdrawal Limit (non Base Location) – 25,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- txn beyond free limits, Charges for non-maintenance of Minimum Balance – 1,500, Cash Deposit Limit (Base Location) – Free upto ₹ 2 lacs per month or 25 txns (whichever is breached first) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Cash Deposit Limit (non Base Location) – 10,000, Cash Withdrawal Limit (non Base Location) – No free limit Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- txn, Minimum Average Balance to be maintained – 25,000, Charges for non-maintenance of Minimum Balance – 1,800, Cash Deposit Limit (Base Location) – Free upto Higher of ₹ 3 lacs & 6 times the curent month AMB OR 40 transactions which ever is breached first (subject to maximum ₹ 100 lacs) Charges @ ₹ 3/-per ₹ 1,000/- minimum ₹ 50/- per txn beyond f, Cash Withdrawal Limit (non Base Location) – 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Minimum Average Balance to be maintained – 1,00,000, Cash Deposit Limit (Base Location) – Free upto ₹ 10 lacs per month or 50 txns (whichever is breached first) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- per txn beyond free limits, Cash Withdrawal Limit (non Base Location) – 1,00,000/- per day Charges @ ₹ 2/- per ₹ 1,000/-, minimum ₹ 50/- txn beyond free limits. Customers can take the advantage of cash deposit limits equal to 10 times the average monthly balance of the previous month. Whether new to the UAE or simply trying to change your current bank account, there are extensive bank account options available today with varying features to suit your needs. The minimum balance requirement generally ranges from Dh3,000 to Dh5,000 with a few exceptions there. The Business Advantage Account offers a free cash deposit facility of up to Rs.3 lakhs for home branch and Rs.1 lakh for other branches. The product is available in all branches of Punjab National Bank. Generally, a bank like ICICI will insist on at least Rs 25,000 as the minimum balance for a plain current vanilla current account. The current account of IndusInd Bank are designed to meet the requirements of regular businesses, corporate firms, importers, and exporters. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products. However, with the changes in other banking products, a savings account has also seen a major shift from being minimum balance account to zero balance savings account. Virgin Money Current Account 2.02% on £1,000 . It is designed to facilitate frequent transactions – transfer funds, receive cheques, cash, etc. RBI guidelines for levying penalty on non-maintenance of minimum balance. For complete details on Current Account please refer here ; Smart Business Account 2.0 Platinum. Generally, current accounts do not provide interests and requires a higher minimum balance when compared to savings account. The maximum period of term deposit (for the amount in excess of Rs. For example, a bank might charge $29 monthly for you to hold an account. Some salary account can have Joint account holders. The account can later be converted into Prime Business or Exclusive Business current accounts. Minimum Balance Requirements for Karur Vysya Bank Savings Accounts The Karur Vysya Bank has stipulated certain minimum balance amounts for its savings accounts, dependant on the type of account, etc. Any customer who fails to maintain an Average Monthly Balance (AMB) of Rs.10,000 has to pay a non-maintenance charge up to Rs. The product is available in all the branches of SBI. Spend your money your way. Balance requirements, monthly deposit requirements and the fees vary wildly depending on your accounts, so read the fine print before signing on with a new bank. It is created by the bank on request of the applicant and is made available for frequent or immediate access. It is one of the most difficult tasks to maintain a minimum balance in the account. The minimum balance for a bank account is the minimum dollar amount that must be maintained to receive certain benefits or to keep the account open. Cheque facility: It is one of the traditional ways of withdrawing cash from a current account. In the event of a default in maintenance of minimum balance/average minimum balance as agreed to between the bank and customer, the bank should notify the customer clearly by SMS/ email/ letter etc. In margin accounts, the minimum balance … It is designed keeping in mind the transaction requirements of manufacturers, distributors, multispecialty hospitals, etc. Instant spending notifications, insights and more. ATMs allow you to withdraw cash even after the normal banking hours, however, the withdrawal limits are low. Based on the comparative analysis of Soukalmal, a comparison website the … Yes Bank, Kotak Mahindra Bank and IDFC First Bank require around Rs 1 lakh but. No commitment on maintaining minimum quarterly balance up to 2 years. This account is designed for businessmen who deal with suppliers in different parts of the country. Enter your number below. You can deposit cash in your current account using any of the following methods: You can access your current account for daily cash transactions using any of the following methods: Home branch: You can visit your parent branch for a variety of banking needs such as cash withdrawals, deposits, financial assistance, etc. Earn Points, Get Cash Back. 500 per month. Customers can also avail free demand drafts and pay facility. Minimum Average Balance to be maintained – 5,00,000 Charges for non-maintenance of Minimum Balance – 8,000 Cash Deposit Limit (Base Location) – Free 12 times Current Month AMB (Upper Cap - ₹ 75 Crs) Charges @ ₹ 3/- per ₹ 1,000/-, minimum ₹ 50/- txn beyond free limits Balance maintained by the government proves that the furore was not without a reason requirements regular. 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