[Solved] Which minimum balance condition generally applies to current accounts? — Ans: Higher minimum balance requirement | Banking Awareness

Banking Awareness - Types Of Bank Accounts

Which minimum balance condition generally applies to current accounts?

AZero balance mandatory

BHigher minimum balance requirement

CNo balance tracking

DBalance required only annually

Step-by-Step Solution

Step 1: Recall account conditions.
Current accounts involve service-intensive operations.
Step 2: Identify balance rule.
Banks usually prescribe higher minimum balances.
Final Answer:
Higher minimum balance requirement → Option B
Quick Check:
More facilities = higher balance norm ✅

Quick Trick: Current account = higher minimum balance.

Common Mistakes:

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Which minimum balance condition generally applies to current accounts?