For accounts created before 1st September 2023: Min KYC accounts cannot receive more than a total of ₹2 lakh per year. And cannot have more than ₹1 Lakh as account balance as per bank policies.
For accounts created on or after 1st September 2023: The total amount added to the account cannot exceed ₹50,000 in a financial year and your account balance cannot exceed ₹1 Lakh at any given point of time as per bank policies.