0
In India owning a savings account is free. There are no charges to open or maintain an account but you need to maintain a minimum balance as per the banks regulations & features offered.
For a basic savings account Rs. 500 would be a minimum balance. For accounts with ATM cards and cheque books it would be Rs. 1000 or even more based on the bank.
If you fail to maintain the minimum balance, the bank has the right to charge a penalty on your account.
Add your answer:
Earn +20 pts
What is the minimum deposit to open a savings account with SunTrust?
The minimum deposit required in order to open a savings account with Sun Trust in one hundred dollars and with this you can start your own savings account with Sun Trust.
How old must you be to have your own savings account?
any age, however if you are a minor under 18 your account must be in your parent or guardians name also. once you turn 18 you can have your own account solely.
Where could one get a euro savings account?
Anyone can open a Euro savings account through the internet without actually having to fly to Europe to do it. Many international banks will let you open your own Euro savings account. Here's to mention a few: "Barclays", "ScotiaBank", NationwideInternational", and many more.
What is the minimum maintaining balance for bpi family savings account?
BPI Family has different types of Savings account (Maxi-saver, Jumpstart, Savings Account w/ life insurance & Express Teller) and each type has it's own requirements. If you are asking about Express Teller Savings, the required monthly ADB is Php1,000.00. To earn interest, the required daily balance is Php3,000.00. Hope this info helps.
How much does it cost to open a Citibank Online Banking account?
On the Citibank Online Banking site, you can easily create your own Online Banking account. By selecting your state, you will immediatly find out that creating an account is free of charge.
A child should have their own savings account starting at a young age. ?
A child should have their own savings account starting at a young age.
When do you have access to your own savings account?
The day you die.
What bank account would children open?
A savings account with a parent as custodian. You have to be 18 to have your own account.
Can adolescents open up savings account on their own?
if they want to
What is the minimum deposit to open a savings account with SunTrust?
The minimum deposit required in order to open a savings account with Sun Trust in one hundred dollars and with this you can start your own savings account with Sun Trust.
Can you borrow against personal savings account?
Yes. You can always "borrow" against your own funds. You can apply for a loan or just withdraw the amount you need from your personal savings account.
Can someone else open a savings account for you?
No. A Savings account can only be opened by the individual who is going to own and operate the account. Proxy account openings are not allowed in the banking industry. Unless the customer makes a trip to the bank, he/she cannot get a bank account opened.
How old must you be to have your own savings account?
any age, however if you are a minor under 18 your account must be in your parent or guardians name also. once you turn 18 you can have your own account solely.
Where could one get a euro savings account?
Anyone can open a Euro savings account through the internet without actually having to fly to Europe to do it. Many international banks will let you open your own Euro savings account. Here's to mention a few: "Barclays", "ScotiaBank", NationwideInternational", and many more.
Can an 85 year old open their own savings account?
Yes, an 85 year old can typically open a savings account as long as they meet the bank's requirements, such as having valid identification and the minimum deposit amount. Age is not usually a barrier to opening a savings account.
Is a bank account a personal account?
It can be but does not have to be. There are many kinds off accounts, private, corporate, savings, deposit etc. Each offers different services according to the needs of the customer.
What is the minimum maintaining balance for bpi family savings account?
BPI Family has different types of Savings account (Maxi-saver, Jumpstart, Savings Account w/ life insurance & Express Teller) and each type has it's own requirements. If you are asking about Express Teller Savings, the required monthly ADB is Php1,000.00. To earn interest, the required daily balance is Php3,000.00. Hope this info helps.
