What is the minimum balance in United Bank of India?
Current Account United Bank of India offers various types of current accounts to its customers to serve various business needs. The initial deposit required is Rs. 2,500 and minimum balance to be maintained is Rs. 1,000.
Is there any charges for current account?
Also, no charges are deducted on deposits up to Rs. 10 lakhs. The account allows free unlimited collection of funds through RTGS and NEFT, and provides monthly cash deposits up to Rs. 10 lakhs.
What is the minimum balance for current account in Union Bank of India?
Union Classic Current Account(UCCA-I)
| Eligibility | Individual/s, HUF, Sole Proprietary concerns, Partnership, Pvt. and Pub. Ltd. Cos., Corporations, Clubs, Associations, Cooperative Societies, Govt. Departments, Religious Endowments, Semi Govt. or Local Bodies, Trusts etc. |
|---|---|
| AMB to be maintained | Rs 50000/- to < Rs 500000 |
Which bank has minimum balance for current account?
Current Account Monthly Average Balance and Withdrawal Limit 2021
| Bank | Minimum Average Balance |
|---|---|
| ICICI Bank Smart Business Account | Rs. 25,000 |
| HDFC Bank Regular Current Account | Rs.10,000 per quarter |
| Bank of Baroda Baroda Small Business Current Account | Quarterly Average Balance Rs. 2,500 |
| SBI Regular Current Account | Rs. 5,000 |
Which digital bank is best in India?
Top Digital Savings Bank Accounts in India
- SBI Digital Savings Account.
- Kotak Mahindra 811 Digital Savings Account.
- Axis Bank Digital Savings Account.
- DBS Digital Savings Bank Account.
- YES BANK Digital Savings Account.
- HDFC Bank Digital Savings Account.
- RBL Bank Digital Savings Account.
Can we have 2 current accounts?
According to a senior public sector banker, there are also cases where a company can have more than 100 current accounts through its subsidiaries. Expenses incurred by the borrower for day to day operations should be routed through CC/OD account, if the borrower has one, otherwise current account can be opened.
Can I withdraw cash from current account?
In current account, amount can be deposited and withdrawn at any time without giving any notice. It is also suitable for making payments to creditors by using cheques. Cheques received from customers can be deposited in this account for collection. In India, current account can be opened by depositing Rs.
What is the minimum balance in Icici current account?
Regular Current Accounts
| S.No. | ICICI Bank Current Account | ICICI Bank Current Account minimum Monthly Average Balance (MAB) |
|---|---|---|
| 2. | ShubhAarambh Current Account | NIL for the first six months, Rs. 25,000 thereafter |
| 3. | Smart Business Account | Rs. 25,000 |
| 4. | Smart Business Account – Gold | Rs. 1 Lakh |
| 5. | Roaming Current Account – Gold | Rs. 1 Lakh |
What is the minimum balance in PNB current account?
PNB Smart Banking Current Account
| The Particulars | The Variants | |
|---|---|---|
| The Minimum Quarterly Average Balance (QAB) | 1,00,000 | 10,00,000 |
| Initial Deposit | 5,000 | |
| For Non Maintenance of QAB Charges (per quarter) | Rural/Semi-Urban Branches below Rs. 1 Lakh, Rs. 500 | 4000 |
| Urban/Metro Branches |
Is GST mandatory for current account?
To carry out any financial transaction for your business, you require to set up a Current Account. However, GST is not mandatory to open a Current Account. There is no GST on Current Bank Account.
What is the minimum balance in Icici Bank for current account?
Rs. 25,000
The individual applying for a current account requires authentic KYC documents. It can be opened by sole proprietors, partnerships, co-operative societies, Trustors, administrations and documentation. Further, ICICI Bank requires a minimum account balance of Rs. 25,000 to be maintained in its current account.
What is the interest rate of United Bank of India?
United Bank of India offers interest in the range of 5.75% to 6.50% p.a. to general citizens for such tenures. Senior citizens are also offered the same interest rates for short-term RDs.
What is minimum deposit required for current account in United Bank of India?
United Bank of India offers various types of current accounts to its customers to serve various business needs. The initial deposit required is Rs. 2,500 and minimum balance to be maintained is Rs. 1,000.
Are there any charges with Union Bank of India?
(Chargeable, Beyond above limit as per Service Charge Circular). Annual maintenance charge –As per applicable charges. 8 transactions (financial) per month Free. As per applicable charges from first transaction onwards (No free transaction).
Why did United Bank of India close my account?
Some of the reasons to close a bank account in United Bank of India might be improper behaviour of the staff, having multiple accounts in United Bank of India or other banks, having a dormant or inactive account from a long period, closed or planning to close a company and the associated current account.
