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Bank balance : Worried about minimum balance? These banks have zero minimum balance requirements; check the list.

Pravesh Maurya — Thu, 09 Oct 2025 05:13:12 +0000

Even today, many banks are charging customers substantial sums of money under the guise of minimum balance requirements. If you’re concerned about minimum balance requirements, this article may help. Today, we’ve brought you a list of banks that charge zero minimum balance requirements. Let’s take a look at these.

There are many charges levied on your bank balance, which very few people are aware of. These include the minimum balance requirement. This is the amount you must maintain in your bank account. Each bank sets a different minimum balance.

If a customer fails to maintain this minimum balance, they incur charges. Let’s now discuss banks where you don’t have to worry about maintaining a minimum balance.

0 Banks that require a minimum balance

Bank	Account Type	interest rate
State Bank of India	Basic Savings Bank Deposit Account	2.70%
HDFC Bank	BSBDA	3.00%
ICICI Bank	BSBDA	3.00%
Axis Bank	Basic Savings Account	3.00%
Yes Bank	Smart Salary Advantage Account Advantage	3.00%

Some public sector banks have also removed the minimum balance requirement.

State Bank of India
Punjab National Bank
Indian Bank
Canara Bank
Bank of Baroda

Why is Minimum Balance Charge levied?

Nowadays, banks offer a variety of services, such as ATMs, mobile banking, and customer support. They also need to maintain their offices, pay their staff, and ensure that all digital services function properly.

There are two types of Minimum Balance

Customers have to maintain various minimum balances on their savings accounts: first, a daily balance and then a monthly balance.

What problems are customers facing?

Nowadays, many large companies enter into tie-ups with banks. Under this arrangement, their salary accounts are opened with a specific bank. Then, upon changing companies, a new account is opened with the new bank. In this situation, the previous salary account becomes a savings account. Maintaining a minimum balance in a savings account is difficult. In this situation, you can close bank accounts you don’t need, or ask the new company not to open new bank accounts.

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Bank holidays: There will be 2 holidays in a week, banks will be open for 5 days, new rules are about to come into effect ?

Jyoti — Wed, 02 Apr 2025 08:55:58 +0000

Bank 5 Days Working: Bank employees have been demanding 5 days working week and 2 days off for a long time. Bank employees and many unions have been demanding holidays every Saturday and Sunday for more than a year.

Due to heavy workload, they are also demanding recruitment of staff. The government will first discuss with the RBI on the demand for 5 days working rules in banks.

Only after this will the next decision be taken. After the implementation of this rule, bank employees will get 2 days off in a week. After the implementation of the rule, many changes including new time table will be seen in banks. Indian Banks Association and bank employees’ unions have agreed to work five days a week in banks. This agreement was reached about a year ago. Now the Reserve Bank of India (RBI) and the government have to take a decision on this. If the government implements this rule, bank employees will get a holiday on every Saturday and Sunday.

The government will take the final decision –

There has been no official statement in this regard yet. So far, the demand for only a 5-day working week is being raised. If this rule is implemented, then both the government and private banks of the country will come under the purview of this rule. The government will take the final decision on this decision. To implement this rule, the government will also have to take advice from RBI (RBI news). Only after this, approval can be given. However, it is being said that the government may take a decision on this rule soon.

Also Read- PPF Account New Rule: Big news! Now there will be no charge for this work, Finance ministry issued order

Bank employees’ hours will change-

Currently, the opening time of banks is 10 am and closing time is 5 pm. If the 5-day week rule is implemented, then banks will be open from 9:45 am to 5:30 pm. Currently, they have to work only 7 hours, later this will be increased by 45 minutes a day. Currently, banks have a holiday on every second Saturday and every Sunday of every month.

If the 5-day week rule starts in banks, it will have an impact on the banking system and the time of bank employees. If five days of work are allowed in a week, the opening and closing times of banks may change. In such a situation, employees may have to work longer hours in lieu of taking more leave. This will provide convenience to customers and employees will get more rest. This can improve the efficiency of employees. This can also improve the banking system.

This arrangement was made earlier –

The rules for bank employees have already been changed. Many bank unions in the country have been demanding holidays on every Saturday and Sunday for almost 10 years. However, earlier in 2015, after discussions with the IBA and RBI, the government had arranged holidays for employees on every second and fourth Saturday of the week (bank holiday news). Changes have been made in the holiday rules earlier too, so this time too, bank employees are hopeful that the government can soon implement new rules (bank holiday rules) in the interest of the employees.

Also Read- 8th Pay Commission Salary Hike: Salary will increase by Rs 19000, Great news for central government employees

There has been a demand for 5-day working in banks for a long time and the Bank Confederation and the employee unions have also supported it. The problem after this is that the government has neither given any official statement in this regard nor has it given the green light to this matter. Bank employees are believing that the government may approve the five-day working update by the end of this year.

ITR Filing Checklist: ITR filers must see this checklist of 9 things

Pravesh Maurya — Tue, 19 Jul 2022 07:02:32 +0000

ITR Filing Checklist: There are many people who wait till the last date to file ITR. This should not be done and the income tax return should be filed as soon as possible. 9 things that income tax returnees should keep in mind.

ITR Filing Last Date is fast approaching. Many people have filed tax returns, but there are many people who have not yet filed ITR. Till now the government has not extended the last date for filing ITR. In such a situation, you should also file ITR by July 31. If you wait till the last date, then maybe later due to overcrowding, the website may start having problems. In such a situation, you should file ITR as soon as possible. Let us know which 9 things you should keep in mind before filing ITR.

1- First download Form-16 or 16A

To file ITR, a job seeker first needs Form-16. So talk to your employer and get Form-16. Form-16 also contains all the information about the tax levied on your salary. Not only this, there is also a breakup of your salary in it. If HRA is not there in Form-16, then you can also give it while filing ITR. However, if you had given all this information to your employer, you can file ITR in a pinch by looking at Form-16.

2- Check TDS and TCS details in 26AS FormMake sure to check Form 26AS before filing Income Tax Return. This form contains your tax information. Check whether the tax details given in the form are correct or not. If you feel that any information is not correct then you can get it corrected. However, it may take up to 7-10 days for any information to be corrected. In such a situation, 26AS form should be checked 15-20 days before filing ITR.

3- Check income and TDS-TCS details in AIS form

Once you have checked Form 26AS, you must match it with the AIS (Annual Information Statement) Form. The AIS form contains all the information about the transactions you have done during the year. In this, it is given that how much income you have earned from salary, rent, interest etc. and what you have sold in the meantime. If you feel that any transaction has been missed, then definitely tell it while filing ITR. While filing ITR, it is important that you give accurate information.

4- Obtain Capital Gains Statement Form

If you have invested in stocks or mutual funds, you must also obtain the capital gains statement. Long term gains above Rs 1 lakh attract 10 per cent tax. On the other hand, short term capital gains are taxed at 15 per cent. The calculation of this tax is very difficult, so the tax calculation is done for you by the brokerage firm itself. You can get capital gains statement from your broker and then file ITR.

5- Check bank balance and interest received on deposits

Most taxpayers do not report their income from other sources. It also includes interest income. Keep in mind that the income you get from bank deposits or deposits in any other scheme is required to be disclosed to you at the time of filing ITR. If you have any confusion then you can also see AIS form, it will get information about it. In that form there is a complete record of every transaction related to your PAN.

6- Also tell the earnings from crypto assets

While filing ITR, you also need to keep in mind that you will have to declare income from crypto assets. A 30 percent tax has been announced on crypto in this year’s budget. In such a situation, this tax will not be applicable while filing ITR, but experts believe that this time also it is better to protect yourself by paying 30 percent tax. So if you have also invested money in crypto, then definitely declare it and also pay tax.

7- Provide information about foreign assets and income

While filing ITR, you will also have to mention where your assets are abroad. Also, if you have received any income from any foreign property, then the information will also have to be given to the Income Tax Department. In such a situation, it is important that you get all this information in advance and must show it in the ITR filing. If you have kept money in any bank abroad, then it is also necessary to tell about it.

8- Check deduction and exemption in the final form

After you have filled all the information in the income tax return form, then definitely check it once. Do not file tax return in haste. Now Income Tax Return Forms are much easier than before and a lot of information is pre-filled in them. However, there are many such information, which are not in the form and it is not easy to check them. In this case, you can also take the help of a tax expert. There are also many tax portals in today’s time, which provide help in return for a nominal fee.

9- Verify the tax return

Mere filing of ITR is not enough. After filling the ITR, it is also necessary to get it verified. The process of filing ITR of any taxpayer is not considered complete until he gets the ITR verified. Any person can get ITR verified with the help of 6 methods.

1- You can easily verify your tax return through Aadhar OTP, but for this it is necessary to have your Aadhar-PAN link.

2- If you want, you can also verify your tax return by logging into your netbanking account.

3- You can also verify the return by generating the Electronic Verification Code i.e. EVC from your bank account.

4- You can also use demat account to verify ITR return.

5- The facility of verifying returns is also available through bank ATMs.

6- Apart from these, you can sign a copy of the ITR-V form and send it to the Income Tax office in Bangalore.

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