"BANK ACCOUNTS MINIMUM BALANCES"

Generally, people open the Bank accounts , Current  account for companies and S.B.Accounts for individuals because of their companies Bank transactions and Bank loans, savings, salaries credit and pensions and pass ports etc., Before opening Bank accounts , some people don't bother about the terms & conditions  of Bank accounts opening. After some months or years , they forget the Bank accounts  due to closure of businesses , shortage of money  or lack of accessability etc., and don't bother about transactions  and Bank minimum balances..Then, sloly the Banks,starts to debit the minimum balance charges  monthly or quarterly as the case may be, if the cash is below minimum balance in the accounts. Now ,the software created like that.      Finally, Bank a./c holders loose the total amounts and some times  banks  may  demand the amont to close the bank accounts. In turn , it is a  income to the Banks and loss to the Bank a/c holders.

Min. balances are differ from  one bank to another bank. For companies & Individuals C/A min. balances are Rs.1,00,000/-, Rs.25,000/-  Rs.10,000/- or Rs.7,000/-( in  private Banks ) and  Rs.5000/-  (in nationalised Banks).For SB/Ac Rs.1000/- or Rs.500/-.( with cheque book and without cheque book  respectively in nationalised banks), 

So, watch the  Bank accounts regularly and maintain minimum balances , if Bank accounts required , or else close the accounts and save the money. "save of one rupee means , earn of one rupee".
Margam Krishna murthy.