Minimum Account Balance (MAB) Requirement for Current Account A higher Minimum Account Balance needs to be maintained in Current Account as compared to that of Savings Account. The limit of the same is decided by the banks and differs from bank to bank. Eligibility to Open a Current Account P...
Many individuals end up have multiple bank accounts and often they no longer operate them. Often when we change jobs we have to open a new account as companies have tie-ups with different banks and we get a salary account, which has many perks such as zero minimum balance. But when the ...
Under this collaboration, A set of specially tailored schemes will be offered by the HDFC bank in order to enhance their competitiveness. HDFC Bank branches will extend support to MSME projects in their location or other important industrial sectors. As per lending norms laid down in the lending ...
How bad is a 540 credit score for someone in his/her 20s who's in around $5k of credit card debt? What is the problem with paying only your minimum credit card balance each month? a. It lowers your credit score. b. You have to pay interest. c. The bank will ...
Some of the important current account charges you must be aware of are Minimum account balance, Non-maintenance charges, & bulk transaction charges, among others.
Not maintaining the MAB in your account can draw penalties from your bank – based on the extent of your shortfall. New business owners or small business owners might not see the merit in maintaining a minimum balance. After all, this is money that could be put to good use elsewhere. ...
HDFC Bank has launched an instant Digital Loan against Securities (LAS) facility wherein customers can calculate their eligibility for overdraft limit against shares, and open a current account instantly. The bank has tied up with the National Securities Depository Ltd. (NSDL) for this. ...
The total deposits in Jan Dhan Account are set to cross Rs 1 lakh crore soon. The scheme was launched on 28thAugust 2014 by the Modi-government with an aim to provide universal access to banking facilities to all households. On 3rdApril, the total balance in the Jan Dhan accounts was at...
Foreign Portfolio Investors (FPIs) pumped in a net Rs 21,235 crore in domestic markets amid increasing liquidity and gradual opening up of the economy. FPIs invested Rs 22,893 crore into equities but pulled out Rs1,658 crore from the debt segment, taking the total net investment to Rs 21...