Saturday, January 3, 2009

QB Charges

QB Charges are quaterly balance charges, which you should pay if you do not minimum balance in your saving accounts. For ICICI normal account you should maintain a minimum of 10,000 each quarter else you have to pay 750 + service tax. For students account minimum balance is 500 and if not maintained 250+ taxes . I had a trading account in ICICI for that the minimum balance is zero and also for salary account its zero.

QB chargers are cut every quarter.So you should think proactive to maintan a less balance account or paying upto 2300 a year.QB charges are not automatic they are taken when a Backend team checks your account manually and finds out.

I had zero balance in my salar account for a year and only 283 was cut.

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