However, legal heirs of a deceased person are paid interest at the rates applicable to Savings bank deposit from the date of death of the account holder till the date of settlement.Minimum balance Rs 25,000 First cheque book FREE Monthly statement FREE ...
Read more:Minimum Account Balance – An Explainer In India, the MAB requirement for a current account can range from as low as Rs. 5,000 to as high as Rs. 1 lakh or more depending on the bank and the type of account. Some banks may offer a zero-balance current account for certain ...
Higher transaction costs:While you avoid minimum balance penalties, zero-balance accounts often chargeper-transaction fees,which can quickly mount up for businesses with frequent activity. This negates the cost advantage and can even make them more expensive than traditional current accounts in the lon...
However, the improved FDI scenario in India has simultaneously witnessed a decline in the current account balance (CAB) of the country. In this background, the current chapter attempts to explore the underlying long-term co-integrated relationship between FDI inflow in India and CAB by analysing ...
The long run relationship between current account balance (CAB) and capital account balance (KAB) and the repercussions of capital account convertibility (KAC) on growth process of a country is a much debated issue. In particular, in the aftermath of the Southeast Asian crisis, the limitation of...
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 Persons falling under any of the following categories can open...
Strengthen and grow your business with an IDFC FIRST BankCurrent Account. Taking the right decisions is crucial for the success of your business. Choosing IDFC FIRST Bank’sCurrent Accountis one of them. Among the best current accounts for businesses in India, it’s the first step towards atta...
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Current account balance, external debts and foreign direct investment: empirical evidences from IndiaAgarwal, AnuradhaGangal, V.K
IndiaF14F41C22We examine the impact of crude oil imports and gold imports on India's current account balance (CAB) using linear cointegration techniques for the period 1980–2017. We find strong evidence in support of a positive and significant impact of crude oil imports and a negative and ...