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Q.

Why minimum amount is Rs.5000/10000 for opening a SB account in HDFC Bank?

Tags: money, hdfc bank, bank
Asked by Flying Saucer, 17 Sep '12 10:24 am
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Answers (5)

 
1.

Itz a private bank...apart from maintaining only the CRR ( Cash Reserve Ratio ) as per the RBI mandate, they never oblige to or entertain other RBI guidelines like the Nationalised Banks....and opening of a SB account with higher minimum balance with just 4.5% of simple interest is another policy of those Private banks .... U can't challenge them in a court of law.....
Answered by Pradipta pati, 17 Sep '12 10:44 am

 
  
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2.

I am yes bank saving account holder and saving value is just 5000 you can think for Yes bank
Source: http://www.yesbank.in/index.jsp?navigationUrl=/YES Bank Repository/en/Branch Banking/Branch Banking - Personal/Savings Account
Answered by ovee araya, 02 Nov '12 01:37 pm

 
  
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3.

Because that is the minimum balance they want in one's SB account.It is a private Bank.
Answered by Damodar Biswal, 17 Sep '12 10:30 am

 
  
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4.

It's their prerogative...!
Answered by Dil Se, 17 Sep '12 10:28 am

 
  
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5.

This can be answered only by sbi managers even hdfc bank and icici banks want the same minimum amount in savings it is rs 10000 minimum for both banks
Answered by iqbal seth, 17 Sep '12 10:26 am

 
  
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