The minimum loan amount is Rs. 5 lakhs and the maximum loan amount goes upto Rs.100 crores. With business loans, interest rates depend on the amount. Higher loan amounts attract a lower interest rate and vice-versa. Loan tenure is 1 year to 4 years. Interest rate currently is up to ...
The RBI has prohibited banks from charging interest for failing to maintain the minimum balance in any account that has been declared inoperative. Additionally, RBI has made it illegal for banks to charge penalties for activation of inoperative accounts. The new guidelines mandate that banks notify ...
SBI NRI account minimum balance These are the minimum balances or deposits required to maintain in an SBI NRI account in order to not be hit with fees.⁵ Type of SBI NRI account Monthly balance/ deposit to maintain to avoid fees NRE & NRO Accounts- Metro & Urban India ₹1,00,00 ...
Got new preprinted kit. So I went I entered upset if and password and clicked login button it is asking for again reenter password and when I enter the same password it saying invalid. Again I the same password which I got in ppk. So account has been locked for the day. Pls solve my...
Depending on the business sector and the borrower's ability to repay the loan, Indian banks typically provision for loans at a minimum of 5% and a maximum of 20%. As per the Basel-III norms, provisioning requirement is 100% in the case of non-performing assets. Topic: Reports and Indic...
Minimum balance need not to be maintained in the accounts opened underPradhan Mantri Jan Dhan Yojnaand for Basic Savings Bank Deposit Account. For these accounts, no limit is fixed on number and value of deposits that can be made in a month. ...
PM Jan Dhan Yojana is a National mission for Financial inclusion. It was announced on 15 August 2014. Under the scheme, one basic savings bank account is opened for unbanked person for which he/she does not have to maintain any minimum balance. Accident Insurance Cover is also provided to ...