What is lien on FD?
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What is lien on FD?
• Upon issuance of the Instant Credit Card, ICICI Bank shall mark a lien on the entire amount of the fixed deposit amount deposited by the Cardholder, Page 2 including interest earned by the Cardholder, until the termination of the Instant Credit Card or maturity of the fixed deposit, as the case may be.
What is the minimum balance for Axis Bank?
Axis Bank Minimum Balance Requirements Axis Bank savings accounts require different minimum balance amounts to be maintained, depending on the type of account held and the target audience it caters to. The minimum balance amount ranges from as low as Rs. 2,500 to Rs. 1,00,000/-.
What is the minimum balance to maintain in Axis Bank?
Rs. 10,000
Which bank has zero balance?
Latest Interest Rate for Zero Balance Savings Account
| Bank | Name of zero-balance savings account | Interest rate |
|---|---|---|
| Standard Chartered Bank | Basic Banking Account | 0.5% to 4.90% |
| HDFC Bank | Basic Savings Bank Deposit Account | 3.50% to 4% |
| Axis Bank | Basic Savings Account | 3.50% to 4% |
| ICICI Bank | Basic Savings Account | 3.50% to 4% |
What happens if minimum balance is not maintained?
Most banks require their customers to maintain a minimum balance in their account. They charge their account holders for the non-maintenance of minimum average balance (MAB). If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 – every month!
Which bank has lowest minimum balance?
8 Best Zero Balance Savings Account In India
- IDFC First Bank Pratham Savings Account.
- YES Bank Smart Salary Advantage.
- IndusInd Bank-Indus Online Savings Account.
- DBS-DigiSavings.
- Kotak Mahindra Bank-811 Digital Bank Account.
- HDFC Bank – Basic Savings Bank Deposit Account.
- SBI – Basic Savings Bank Deposit Account.
- Standard Chartered Basic Savings Bank Deposit Account.
