Which bank has lowest minimum balance for current account?
Current Account Monthly Average Balance and Withdrawal Limit 2021
| Bank | Minimum Average Balance |
|---|---|
| ICICI Bank Smart Business Account | Rs. 25,000 |
| HDFC Bank Regular Current Account | Rs.10,000 per quarter |
| Bank of Baroda Baroda Small Business Current Account | Quarterly Average Balance Rs. 2,500 |
| SBI Regular Current Account | Rs. 5,000 |
Is the any minimum balance required in Icici Bank?
The minimum Monthly Average Balance (MAB) required to be maintained for a Savings Account is Rs. 10,000/- in metro and urban locations, Rs. 5,000/- in semi-urban and Rs. 2,000/- in rural locations.
What are the charges for not maintaining minimum balance in Icici current account?
✅What are ICICI Bank Current Account charges on non maintenance of balance? The Balance Non Maintenance Charges on Current Account by ICICI Bank are Rs. 1,000 per month.
What is the minimum balance required in current account?
Rs.10,000
The minimum balance requirement for opening a Normal Current Account is Rs. 10,000.
Can current account have zero balance?
What is a zero balance current account? A zero balance current account allows you to carry out transactions without the obligation of maintaining a Monthly Average Balance.
Which bank is easy to open current?
Best Banks for Current Account
| Banks | Maximum Cash Deposit Allowed |
|---|---|
| HDFC Bank | Up to ₹2 lakhs per month (for regular current account) |
| ICICI Bank | Up to ₹1.8 crores per month |
| Axis Bank | Up to ₹2 lakhs per month (for regular current account) |
| Bank of Baroda | Up to ₹1 lakhs per month |
What is average balance in Icici?
ICICI Bank minimum balance requirements
| Minimum monthly average balance | Metro and Urban locations – Rs.10,000 |
|---|---|
| Semi-urban locations – Rs.5,000 | |
| Rural locations – ₹ 2,000 | |
| Gramin locations – Rs.1,000 | |
| Charges for non-maintenance of minimum monthly average balance | Metro/urban/semi-urban/rural locations : |
Is Icici Bank good for current account?
0.5 4.5/5 “Excellent!” My current account is with ICICI bank from last 3 years, i use this account mainly for business purpose and the banking services are very good. Customer service is fine and they responded on time. Minimum balance of Rs 10000 has to be maintained in this account.
What is Icici current account?
Current Account is a bank account for people who run businesses. It is designed for carrying out day-to-day business transactions easily. A Current Account is a bank deposit that can be withdrawn by the depositor at any time.
How can I close my Icici current account?
Procedure to Close Icici Bank Limited Current Account
- (1) Fill up the Account Closure Form of Bank. In order to close your bank account, the first step is to fill up an Account Closure Form.
- (2) Attach your KYC Documents.
- (3) Surrender Balance Cheque Leaves and Passbook.
- (4) Withdraw the Balance Amount in your Bank Account.