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What Is the Minimum Balance Required in a Joint Savings Account?

  • The minimum balance required in a joint account is the same as the savings bank account. This can differ from one bank to another. 

 

  • It can be less for scheduled commercial banks like SBI, Punjab National Bank, Canara Bank and more. 

 

  • The minimum balance requirement for a savings bank account is generally more for private banks or international banks like HDFC Bank, Citi Bank, IDFC First Bank and more.

Keep learning about bank accounts so that you can make better banking decisions.

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