@nithin why can’t we remove the average monthly balance in the case of 3 in 1 account, it’s doesn’t make sense to keep 25k in the bank when we have the opportunity to take position on the watchlist. Can’t we have a specific account under the 3 in 1 category where we don’t have to maintain that much AMB.
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I guess it’s the bank who keep those kind of requirements if any as such, not broker.
@lindo Can you confirm.
This is not a requirement from us, but the bank. Also you need to know the following:
From their FAQs: Average monthly balance computation
Then what does maintaining AMB help achieve?
They have a list of benefits that are available for free if you maintain the AMB. If you do not maintain, these facilities become chargeable.
Do check this as well:Savings Account Fees & Charges | IDFC FIRST Bank
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