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

Quote:

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Originally Posted by hamzashakaa

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

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