RFID (radio frequency identification) RFID (radio frequency identification) is a technology that incorporates the use of electromagnetic or electrostatic coupling in the radio frequency (RF) portion of the electromagnetic spectrum to uniquely identify an object, animal, or person.
The only ways to avoid this fee are to either meet Chase's $1,500 daily minimum balance requirement, have a regular monthly direct deposit of more than $500, or hold a daily average of $5,000 or more in your account.
Further, while opening a Savings Bank Account minimum amount to be deposited has also been reduced to Rs 100/- , except in case of âNo Frills Accountâ, where the minimum deposit is Rs.50/-. On the reverse ICICI Bank, HDFC Bank, Axis Bank has instructed his customer to maintain average minimum balance on Monthly basis instead of Quarterly Basis.