Tag Archives: Saving Accounts

Minimum Balance in Saving Accounts

Minimum Balance in Saving Accounts Reserve Bank of India (RBI) vide its circular dated August 10, 2012 on Financial Inclusion – Access to Banking Services – Basic Saving Bank Deposit Account, advised all Scheduled Commercial Banks to offer a ‘Basic Savings Bank Deposit Account’ which shall not have the requirement of any minimum balance. In… Read More »