You need to maintain a minimum balance of Rs. 100/- for non-cheque operated accounts and Rs. 500/- for cheque operated accounts in branches in rural and semi-urban areas.
What is the minimum balance in IOB bank?
For rural and semi-urban branches, minimum balance of Rs 100 must be maintained for non-cheque operated accounts; Rs 500 for cheque operated accounts. For all other branches, minimum balance of Rs. 500 for must be maintained for non-cheque operated account and Rs. 1000 for cheque operated account.
What is the charge for not maintaining minimum balance in IOB?
Charges and Fees
|Particulars||Unit||Amount in THB|
|Minimum balance in FC retail Account (USD/EURO)||100|
|Minimum amount for opening Term deposits||10,000|
|Charges for not maintaining minimum balance of B10,000/- in Current Accounts||Per month||100|
|Charges for not maintaining minimum balance in Savings Account /FC retail account||Per month||50|
Which bank has minimum balance for savings account?
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 Overseas Bank||500-1000||3.25% – 3.50%|
|IndusInd Bank||0/10000/25000/2500000||4.00% – 6.00%|
What is the minimum balance charges in Indian bank?
The minimum balance requirement to open a savings account with Indian Bank is Rs. 250 for non cheque operation and Rs. 500 for cheque operation. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.
Can I open zero balance account in IOB?
Indian Overseas Bank also offers a no-frills account, account that can be opened and maintained with zero balance, levies zero or nominal charges and does away with the unnecessary services or frills. Minimum balance of Rs. 500/- to Rs. 1000/- should be kept in this account.
Which bank account is best in India?
The savings bank account offered by Kotak Mahindra Bank is appropriate for those who want a higher interest account with zero balance facility. The 811 Edge account of Kotak is one of the best savings accounts that this bank has offered.
What happens if I dont maintain minimum balance?
Most banks require their customers to maintain a minimum balance in their account. They charge their account holders for the non-maintenance of minimum average balance (MAB). … If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 – every month!
Does IOB charges for debit card?
No service charges for debit cards (it is free). Welcome kit free with first time issuance. Free for HNI and accounts with Average Balance above Rs. 50,000/-.
How much amount can be withdrawn from IOB ATM?
IOB Rupay Classic ATM Card Daily withdrawal Limit from ATM is Rs 20,000 and for POS/E-com transactions limit is Rs 50,000. IOB Mastercard Daily withdrawal limit is Rs 20,000 and for POS/Internet transactions limit is Rs 50,000.
Which saving account is the best?
Compare & Apply for Best Savings Account Online
|Savings Account||Interest Rate|
|DBS digibank Saving Account||Up to 3.75% p.a.|
|Axis Bank Savings Account||3.00% p.a. onwards|
|State Bank of India Savings Account||2.70% p.a.|
|Standard Chartered Bank Prime Savings Account||Up to 3.25% p.a.|
What banks have no monthly fees?
Citibank and TD Bank are the only two banks that offer no interest checking accounts with no minimum to open. BB&T also offers a checking account with no monthly maintenance fee; however, it is only available in select states.
How much money can I keep in my bank account in India?
1] Savings/Current account: For an individual, the cash deposit limit in savings account is ₹1 lakh. If a savings account holder deposits more than ₹1 lakh in one’s savings account, then the income tax department may send income tax notice.
Which bank has zero balance?
Latest Interest Rate for Zero Balance Savings Account
|Bank||Name of zero-balance savings account||Interest rate|
|Kotak Mahindra Bank||811||4% to 6%|
|Standard Chartered Bank||Basic Banking Account||0.5% to 4.90%|
|HDFC Bank||Basic Savings Bank Deposit Account||3.50% to 4%|
|Axis Bank||Basic Savings Account||3.50% to 4%|
Which bank does not charge ATM fees?
Best banks with no ATM fees
|Bank||ATM network and fees|
|Radius||Unlimited ATM fee reimbursements domestically on certain accounts|
|Alliant Credit Union||80,000+ fee-free ATMs, and reimbursements of up to $20 a month for out-of-network fees|
|Charles Schwab Bank||Unlimited ATM fee reimbursements worldwide|
|Citibank||65,000+ fee-free ATMs|