Aug 4, 2020
Zero balance account doesn’t ask you to maintain minimum amount, but mind the tr
Zero balance account doesn’t ask you to maintain minimum amount, but mind the tr
Non-maintenance of minimum balance is set to become a costly affair, as some of the private lenders have revised their charges effective 1 August. While Axis Bank and Kotak Mahindra Bank will charge a penalty based on the type of account, Bank of Maharashtra has increased its minimum balance requirement from ₹1,500 to ₹2,000.
Most major banks charge for non-maintenance of minimum average…
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