Go Back   2019 2020 Student Forum > Management Forum > Main Forum > Ing Vysya Bank Account Opening Minimum Balance



Thread: Ing Vysya Bank Account Opening Minimum Balance Reply to Thread
Your Username: Click here to log in
Title:
  
Message:
Trackback:
Send Trackbacks to (Separate multiple URLs with spaces) :
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
7th April 2016 09:17 AM
Shaleen
Re: Ing Vysya Bank Account Opening Minimum Balance

Important changes to the minimum balance maintenance requirements in Savings Bank Account of ING Vysya Bank (now Kotak Mahindra Bank):

Effective April 01, 2015, the following changes will be applicable to your Savings Bank account:

1. The minimum average balance to be maintained in account, changes from Quarterly Average Balance (QAB) to Average Monthly Balance (AMB).

2. Reduced fee for non-maintenance of AMB in Savings bank account

3. If the amount maintained by one in Savings bank account is less than the required AMB, one shall receive a reminder email and/ or SMS, requesting to restore the balance to avoid fee towards non-maintenance of AMB.

4. If one does not maintain the AMB for the next month in Savings bank account, i.e., non maintenance for two consecutive months, fee towards non maintenance for those months is charged to account.

Schedule of Non-maintenance charges for various Savings Account Variants

Product Description AMB requirement AMB Non-maintenance charges (in Rs.)
(1st April onwards)
Less than 50% of min Greater than or equal
AMB Maintained to 50% of min AMB
maintained

Platina Senior Savings Account 100,000 500 400
Platina Savings Account 100,000 500 400
Zwipe Savings Account 25,000 400 300
Zwipe Senior Savings Account 20,000 400 300
Zwipe Classic Savings Account 20,000 400 300
Orange Savings Account 10,000 400 300
Orange Savings Account - Non Metro 5,000 400 300
General SB Account 5,000 250 200
Zing Kids Savings Account 2,500 100 75
General SB Account - Semi Urban 2,500 150 100
Senior Savings Account 2,500 150 100
General SB Account - Rural 1,000 100 75
Solo – Single 500 100 75
Private Client Group Savings Account 100,000 500 400

Ing Vysya Bank Account Opening Minimum Balance

7th April 2016 09:15 AM
Unregistered
Ing Vysya Bank Account Opening Minimum Balance

Can you tell me about minimum balance requirement under Orange Savings Account offered by ING Vysya Bank (now Kotak Mahindra Bank)?

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT +5.5. The time now is 08:42 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3