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How much does it cost to own a savings account?

Melissa Norris

in Student Loans

1 answer

1 answer

Roger Moore on March 27, 2018

In India owning a savings account is free. There are No fees to open or maintain an account, but it is necessary to maintain a minimum balance as per the banks regulations & featuris offered. For a basic savings account Rs. 500 would be a minimum balance. For accounts with ATM cards and cheque books would be Rs. 1000 or even more based on the bank. If you do not maintain the minimum balance, the bank has the right to charge a fee in your account.

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