InvestorQ : Do all bank accounts attract the monthly/quarterly average balance rule?
Anjali Desai made post

Do all bank accounts attract the monthly/quarterly average balance rule?

Answer
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nishi Shah answered.
1 year ago


No. All banks do not attract the monthly/quarterly average balance rules.

The Jan Dhan Yojana accounts and Basic Savings Bank Deposit accounts are exempt from minimum balance requirements.

Please note, a lot of banks also exempt salary accounts from this requirement.