Minimum balance in savings accounts explained: how it is calculated, what penalties apply, and why customers call it unfair.

Under the new structure, customers of metro and urban branches need to maintain a minimum average balance of Rs 50,000. For rural branches, it is Rs 10,000.

The average daily balance of your business's checking account reflects your cash on hand and provides an indicator of your cash flow. When you are preparing reports to support the solvency and ...

As per the new rules, customers of metro and urban branches need to maintain a minimum average balance of Rs 50,000. For ...