What is the minimum balance required to be maintained for Life Plus Senior Citizen Savings Account?
Life Plus Senior Citizen Savings Account : Minimum monthly average balance (MAB)* Rs.5000
(W.e.f. June 1, 2016 : Rs.4500)
Charges for non maintenance of minimum monthly average balance (NMMAB): Rs 100 per month
(W.e.f. June 1, 2016 : 5% of the shortfall in required MAB or Rs. 100 whichever is lower).