Minimum Average Daily Balance is the minimum balance required to be maintained in your account to avoid penalties. The average daily balance is the total of all the end-of-the-day closing balances divided by the number of days in the month. Is it possible to withdraw money below the minimum...
Minimum Balance: Nil if at least one inward remittance is received in the last three months. If there is no remittance in the last three months, the minimum average balance is INR 10,000. INR 5,000 for semi-urban and rural locations. Daily Limit: Higher limit of INR 50,000 for cash ...
Monthly payments are calculated on the basis of the unpaid principal balance at the note rate. This type of loan requires the borrower to make a single payment, also known as a balloon payment at a predetermined date. First time home buyers, families and borrowers on fixed income. Typically,...