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IDFC Maintaining Minimum Balance through FD

  • Thread starter Thread starter falcon007
  • Start date Start date
  • Replies Replies 25
  • Views Views 2K
Finger You Are So Smart GIF
 
No, because bank makes money by giving loans using the money you deposited. Using FD for giving loans incur a high cost to the bank and consumer who take the loan. So most banks won't allow FD to counted as MAB
 
all banks count fd for nrv
just check if they explicitly mention fd not being counted for MAB
All consider for hni or banking program
Not general saving account.

For it you need special relationship with rm so that he can request for you from his behalf
 
No, I don’t think so but even if they deduct charges which i am almost certain they will, u can reverse them via raising requests. My colleague has the 25k minimum balance account and when bank deducted charges he got them reversed by raising request. Ask BM or your RM to reverse the charges maybe they will.
 
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