Option to Hold MAB

[Mack]

I have seen kvb giving the option of holding our Minimum balance amount with consent of the customer. That feature was useful and stress free as we don't think of overspending below the MAB.

If MAB is 10k, that 10k will be in hold section and remaining amount we can use normally.

Can you suggest any other bank has this feature.

 

[saucy]

Banks have emergency sweep in facility (HDFC definitely does)
It withdraws money from FD if the amount falls below the amb, i suppose.

 

[Wealth is my birth right!]

I have seen kvb giving the option of holding our Minimum balance amount with consent of the customer. That feature was useful and stress free as we don't think of overspending below the MAB.

If MAB is 10k, that 10k will be in hold section and remaining amount we can use normally.

Can you suggest any other bank has this feature.

How to know that from app?
Or branch to be contacted
TIA

 

[ismail]

I have seen kvb giving the option of holding our Minimum balance amount with consent of the customer. That feature was useful and stress free as we don't think of overspending below the MAB.

If MAB is 10k, that 10k will be in hold section and remaining amount we can use normally.

Can you suggest any other bank has this feature.

why would you want to lock your 10k? in emergencies u can use till the last rupee and u can keep extra amount to make up the AMB

 

[akshayhs]

I have seen kvb giving the option of holding our Minimum balance amount with consent of the customer. That feature was useful and stress free as we don't think of overspending below the MAB.

If MAB is 10k, that 10k will be in hold section and remaining amount we can use normally.

Can you suggest any other bank has this feature.

It's called a customer requested lien. Every bank has it.

 

[BiggBoss]

It's called a customer requested lien. Every bank has it.

I requested HDFC bank to lien Rs.10,000 they said they don't have any option. what to do now ?