Is Minimum Balance Required For Icici? The minimum balance required to open a Regular Savings Account in ICICI Bank is Rs. 10,000 in metro and Urban locations , Rs. 5,000 in Semi Urban and Rs. 2,000 in Rural locations. Can we maintain zero balance in ICICI Bank? Conclusion on ICICI Bank zero balance account After
How Do You Calculate Opening And Closing Balance? The Opening Balance is the amount of cash at the beginning of the month (1st day of month). The Closing Balance is the amount of cash at the end of the month (last day of month). The Closing Balance is calculated by the following equation: Closing Balance
How Do You Calculate Closing Balance? The Closing Balance is the amount of cash at the end of the month (last day of month). The Closing Balance is calculated by the following equation: Closing Balance = Opening Balance add Total of Income less Total of Expenditure. The Opening Balance of February will be the same
What Is A Closing Balance Quizlet? The closing balance is the balance, after deductions, in an account at the end of a predetermined period of time. Which item would you expect to find on your monthly bank statement *? A bank statement is a list of all transactions for a bank account over a set
What Is The Charge For Not Maintaining Minimum Balance In Icici? Minimum monthly average balance (MAB) Metro and urban locations – Rs.10,000 Rural locations – Rs 2,000 Gramin locations – Rs.1,000 Charges for non-maintenance of minimum monthly average balance Metro/urban/semi-urban/rural locations: Rs. 100 + 5% of the shortfall in required MAB What happens if minimum