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What is the minimum balance in Indian bank ?

Arun

August 31, 2022

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0 2022-08-31T23:52:00+00:00
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 paperwork

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: What is Money Multiplier Deposit in Indian bank? How to block ATM card of Indian bank? What is bulk charges in Indian bank ?

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