Indian Banks allow different types of investors to invest in different savings accounts. The interest rates for savings accounts are around 3.5%. Along with a good interest rate other services such as ATM transactions, net banking, and more are free to attract customers. Since India Bank offers so many services let us learn what is the minimum balance in Indian bank savings account.
Pay You Water/Electricity/Piped Gas Bills via NoBroker and Get Assured Cashback! Get home loans at the lowest interest rate from NoBroker and avoid hefty paperworkWhat is the minimum balance to maintain in Indian Bank?
There are different types of savings accounts in Indian Bank and each savings account’s minimum balance is different. Let me share with you some Indian bank account minimum balance.
Type of Savings Account |
Average Monthly Balance |
Savings Bank Account |
Rs. 500 |
IB Smart Kid |
Rs. 100 |
SB Platinum – Savings Bank Platinum Account |
For individuals: Rs. 750,000 per month and for Non-individuals: Rs. 1,000,000 |
Indian Bank – Sammaan |
Nil |
IB Mahila Shakti for Women |
Rs. 1000 |
IB Kishore: Savings Bank Account for Minors |
Nil |
Indian Bank GenX for the Vibrant Youth |
Rs. 1000 |
Indian Bank Salaam – Special Account for Defence Personnel |
Nil |
Savings Bank Account for Pensioners |
Nil |
Motor Accident Claim Tribunal (MACT) Savings Bank Account |
Nil |
Small Account |
Nil |
SB for Students under Government Scholarship and SB for Direct Benefit Transfer |
Nil |
SB for Central/ State Government/ Consular Office & IND PFMS |
Nil |
IB Corp SB: Payroll Package Scheme for Salaried Class |
Nil |
Now, these are details I was able to share about what is the minimum balance in Indian Bank. I hope you find this informative.
Read more:
What is Money Multiplier Deposit in
Indian bank?
How to block ATM card of
Indian bank?
What is bulk charges in
Indian bank?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
What is the minimum balance in Indian bank ?
Arun
510 Views
1 Answers
2 Year
2022-08-31T23:40:56+00:00 2022-09-01T00:59:13+00:00Comment
Share