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What is the minimum balance required for a savings account?

Curious about saving account

What is the minimum balance required for a savings account?

The minimum balance required for a savings account can vary from bank to bank in India. Some banks may not require any minimum balance, while others may require a certain minimum balance to be maintained in the account at all times. Failure to maintain the minimum balance may result in a penalty fee. It is important to check with the bank where you are planning to open a savings account for their specific minimum balance requirements.

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