Guidelines

What is the minimum balance for Indian bank saving account?

What is the minimum balance for Indian bank saving account?

Overview of Indian Bank Savings Bank

Bank Indian Bank
Initial Deposit Requirements Nil
Minimum Amount Minimum amount for non-cheque operation is Rs.250/- Minimum balance for cheque operation is Rs.500/- Pensioners and bonafide students may have lesser minimum balance
Debit Card Offered Free ATM cards/Debit cards provided

What is the average monthly balance in Indian bank?

Overview of Indian Bank SB Platinum

Bank Indian Bank
Category SB Platinum
Minimum Average Balance Requirements (MAB) Minimum monthly average balance of Rs.25,000/-
Debit Card Offered Free Indian Bank Debit card for one year from the date of first use
Interest Rate Interest will be paid at the time of maturity

What is the minimum balance in Indian Bank 2021?

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List of All Banks Savings Account Interest Rates and Minimum Balance 2021

List of Savings Account Banks Minimum Balance Required(INR) Savings Account Interest Rates (p.a.)
IDFC Bank 25000 6.00\% – 7.00\%
Indian Bank 250/500/1000 3.00\%
Indian Overseas Bank 500-1000 3.25\% – 3.50\%
IndusInd Bank 0/10000/25000/2500000 4.00\% – 6.00\%

What is the typical minimum balance for an online savings account?

The majority of online banks have minimum opening requirements of $100 or less. Total relationship balance of $25,000 required.

What is MIN BAL?

In margin accounts, the minimum balance is the minimum deposit amount required before trading occurs, and the maintenance margin required in the account after trading has begun. Minimum balances can be enforced by charging fees, denying interest payments, or closing the account if the minimum balance is not maintained.

What is a typical minimum balance?

Typical minimum account balance requirements for traditional savings accounts range from $300 to $500, although amounts vary and some banks have no minimum requirements. The minimum balance amount may be a minimum daily balance or a minimum monthly average.

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What is monthly average balance in Indian bank?

Minimum balance to be maintained: 500 for non cheque book accounts. For cheque book operated accounts, the minimum monthly average balance shall be Rs. 1000. Savings Accounts are also opened for Pensioners and Bonafide students with lesser minimum balance.

How do I know my minimum balance?

You can check the required MAB and current MAB maintained through the following options:

  1. Internet Banking: Logged in section – My View > My Relationships > Accounts > Monthly Average Balance details.
  2. Mobile Banking: Accounts & Deposits > Savings Account No. >
  3. Call our Customer Care to know your MAB details.