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.
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.
