What is the purpose of the irreducible deposit?
The so-called irreducible balance is a mandatory requirement of almost all banks for opening and management of the account. That is the amount you should always keep at you account without fail during the whole period of the banks servicing, and upon the closing of the account such amount shall be returned less the indebtedness of the holder to the bank if any. Amounts of the irreducible balance are fixed within USD 100 to 200.000 depending on the banks requirements.
