Which bank is best for HUF Bank account ?

[palash.15jain]

I am searching for best bank for HUF account with min balance and good features

 

[ShavirB]

Hi, broadly the minimum balance in HUF Account is same as Savings Account. Which means you can open an HUF Account with as low as 5,000 - 10,000 min balance depending on which area (urban/ semi urban, rural) you're in.

Please note that currently No Bank offers a Zero Balance HUF Account

 

[palash.15jain]

Thank you ShavirB
I did my own research and found that we can choice any private bank saving account with munimum balance of 10000.
If you want less munimum balance then go with Union , BOI , Central

 

[Sarcastic_bubu]

I am searching for best bank for HUF account with min balance and good features

ICICI DIRECT AND HDFC securities is good...

 

[zacobite]

ICICI DIRECT AND HDFC securities is good...

he wants bank account.. not demat or trading..but your recos are great for trading.. cheers

 

[ShavirB]

Thank you ShavirB
I did my own research and found that we can choice any private bank saving account with munimum balance of 10000.
If you want less munimum balance then go with Union , BOI , Central

Correct. As per my understanding, even though Private Banks would have slightly higher requirements of min balance, the experience of using the account would be much better.

Since HUF is in case slightly complicated than a normal Savings/ Current Account - you should go ahead with a Bank which is easy to work with and slightly flexible

 

[Sarcastic_bubu]

he wants bank account.. not demat or trading..but your recos are great for trading.. cheers

Oops it was my fault...

 

[Sarcastic_bubu]

I am searching for best bank for HUF account with min balance and good features

Bank of India