Kaveri Grameena Bank is a regional rural bank in India. It is a scheduled bank that is owned by the Indian Government, Karnataka Government and State Bank of India. Thus it is a joint ownership of these 3 entities. The head office of the bank is in Mysore and currently it is operating in 10 districts of Karnataka.
The bank came into existence during November 2012 and has been actively providing the services to the regional people.
Here you will get a complete idea about the minimum balance limit for Kaveri Grameena Bank saving account and the charges for non maintenance of minimum balance.
Here are the details regarding maintenance of minimum balance in Kaveri Grameena Bank saving account –
- For normal saving bank account in rural region the minimum balance limit is 250 rupees without cheque book facility and rupees 500 with cheque book.
- In case of semi urban areas the minimum balance limit is 250 rupees without cheque book facility and 500 rupees with cheque book facility.
- For other areas the minimum limit is 250 rupees without cheque book facility and 1000 rupees with cheque book facility.
- In case of basic saving account the minimum balance that needs to be maintained is rupees zero.
Charges for non maintenance of minimum balance
The charges for non maintenance of minimum balance can be enquired from the bank branch. If the account is basic saving account then there are no charges because minimum balance requirement is zero in such case.
Complete details can be accessed via – http://www.kaverigrameenabank.com/Savings_Bank.html.