What is the minimum balance in CBI savings account?
Type of Savings AccountMinimum Balance RequiredCent Samvridhi Savings AccountAverage Quarterly Balance of Rs.
25,000Cent Premium Savings AccountAverage Quarterly Balance – Rs.
50,000 (for rural and semi-urban branches), Rs.
100,000 (metro and urban branches)Cent Bachat KhataRs.
What is the minimum balance to be maintained in current account?
Current Account Monthly Average Balance and Withdrawal Limit 2020BankMinimum Average BalanceHDFC Bank Regular Current AccountRs.10,000 per quarterBank of Baroda Baroda Small Business Current AccountQuarterly Average Balance Rs. 2,500SBI Regular Current AccountRs. 10,000Axis Bank Normal Current AccountRs. 10,0002 more rows
What happens if minimum balance is not maintained?
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!
What is the minimum balance to maintain in Bank of Baroda?
Minimum balance requirement.RuralRs 500*Semi-UrbanRs 1000*Urban / MetroRs 2000/-*