How much money i have to invest, if i open a joint account in govt. bank in delhi ?

Question

i am from delhi and want to open a joint account in any govt. bank in delhi, how much i have to invest to open this joint account.

Answer 1

anywhere between 1000-2500 rupees.. and if in private banks its 5000 rupees. good luck.

Answer 2

500 bucks in canara bank.thats a govt bank.

5000 in ICICI,HDFC.

Answer 3

The minimum amount differs with the banks.

Opening an account in a PSU bank is a bit tough.

The easiest way is to get a reference from any person who has a account in the same branch.

Mostly the minimum amount is 5000.

Answer 4

So far as minimum account opening money is concerned, there are some options available with Public Sector Banks (Govt. Banks).

An ordinary savings account may be required to have minimum of Rs. 1000/=, however, if a new branch is opened of a govt bank in a locality, they are OK with Rs. 500/= for some time say a year or so.

There are no frill accounts also available with some of govt banks, with no cheque book etc. facility. These accounts are  for weaker sections of the society. These can be maintained even with Rs. 250/= minimum amount. But there are some conditions attached to these a/cs which you should understand very well.

The above said are savings operative accounts. Besides you can have recurring deposit accounts with much less amount periodically with fixed deposit rate of interest (higher than savings) on your deposits.

Answer 5

Don't be bashful. Just ask your friendly neighbourhood Bank Manager and he'll tell you.  There are several accounts that one can open, with even as low as Rs. 50 (basic saving plan of State Bank of India).  Other accounts can be opened with a minimum amount of Rs. 250 (without a cheque book) and Rs. 1000 (with a cheque book.)

Answer 6

1000