What will be the debit entry for amount deducted from your bank account which represents your maintaining balance for that particular bank?

I will assume that the required balance is a compensating balance for bank loan.

The entry will be as follows:
Debit. Compensating balance (Other Assets)
Credit. Bank account

I will assume that the required balance is a compensating balance for bank loan.

The entry will be as follows:
Debit. Compensating balance (Other Assets)
Credit. Bank account

Yes, it is a compensating balance. Thanks a lot hamzashakaa!