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.
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What 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:
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What is the minimum balance in Indian bank ?
Arun
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2022-08-31T23:40:56+00:00 2022-09-01T00:59:13+00:00Comment
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