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Escrow account....

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(Querist)
09 April 2013 Is there any necessity or rule to maintain minimum balance in escrow a/c.?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 July 2013 That is as per the Escrow agreement with you and bank. most of the cases, No balance is required
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sushil kumar

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sushil kumar (Expert)
11 November 2023 For the purpose of raising share application money, we have to open escrow account in bank. Bank required escrow account agreement. Kindly share the format of escrow account agreement.




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