Is money required to open a bank account?

Is money required to open a bank account?

Large private banks may require ₹10,000-15,000 MAB in metros and ₹500-1,000 in semi-urban areas. Public sector banks have the lowest MAB requirement. Large private banks may require Rs10,000-15,000 MAB in metros and Rs500-1,000 in semi-urban areas. Take the State Bank of India as an example. May 30, 2021