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  • BC-4.1 BC-4.1 Minimum balance and charges on accounts

    • BC-4.1.1

      Banks may impose no more than a monthly charge of BD 1 when the monthly weighted average balance for saving investment accounts for individuals falls below BD 20 (or equivalent in other currencies).

    • BC-4.1.2

      Orphans, widows, pensioners, individuals receiving social subsidies from the Ministry of Labour & Social Affairs, students and Bahraini nationals with a monthly salary below BD 250 should be exempted from maintaining the above minimum balance requirement for saving investment accounts.

      Banks should establish criteria for determining the eligibility of a person for exemption from the above charges and should notify their concerned customers accordingly.