Individual - Single Accounts, Two or more individuals in Joint Accounts , Illiterate Persons Blind persons, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI
Initial Deposit and Average Quarterly Balance (AQB) requirement
Rs.500/- for Cheque book operated and
Rs.100/- for non cheque book a/cs
Charges for Non-Maintaining Average Quarterly Balance
Rural / Semi-Urban
Maintenance of minimum Average Quarterly Balance(AQB)
Rs. 500/-
Minimum Balance Charge
Rs. 100/- per quarter
Charges will be levied as under
AQB is in the range
% of Penal Charge
Rs. 250- 499
50%
Rs. 100-249
80%
Below Rs. 100
100%
Metro/Urban
Maintenance of minimum Average Quarterly Balance(AQB)
