Check here for Minimum Balance Rules Of SBI(State Bank of India), HDFC Bank and ICICI Bank


Minimum Balance Rules Of State Bank of India (SBI), HDFC Bank, ICICI Bank

Banks give savings accounts which don’t require a specific minimum balance consistently.

Normal savings bank accounts to keep up a specific Minimum Average Balance (MAB) consistently. Leading banks, for example, State Bank of India (SBI), HDFC Bank & ICICI Bank have settled their monthly average balance prerequisites as indicated by the area of a customer’s account in urban, metro, semi-urban & rural regions. Customers who neglect to keep up the monthly average balance in their savings account, need to pay a penalty to the respective bank, which changes as per factors, for example, branch area.

Here’s a correlation of the minimum average balance in SBI, HDFC Bank & ICICI Bank:

State Bank of India (SBI):

Customers having a consistent savings bank accounts in SBI branches situated in metro & urban territories are required to keep up a monthly average balance of Rs.3,000, said the nation’s biggest loan specialist on its site, sbi.co.in. Customers with SBI investment accounts in semi-urban & provincial branches are required to keep up a minimum average balance of Rs.2,000 & Rs.1,000, individually.

Branch type Average monthly balance
Metro Rs. 3,000
Urban Rs. 3,000
Semi-urban Rs. 2,000
Rural Rs. 1,000
(Source: sbi.co.in)

HDFC Bank

Customers having a standard investment account in HDFC Bank offices situated in metro & urban regions are required to keep up a normal monthly balance of Rs.10,000, as indicated by hdfcbank.com. In semi-urban branches, the general savings account holders are required to keep up an average balance of Rs.5,000 consistently. In provincial branches, the customers are required to either keep up an Average Quarterly Balance (AQB) of Rs.2,500 or set up a FD of Rs.10,000 for a development time of a minimum one year and one day.

Branch type Average monthly balance
Metro Rs. 10,000
Urban Rs. 10,000
Semi-urban Rs. 5,000
Rural Rs. 2,500
(Source: hdfcbank.com)

ICICI Bank 

Customers having a standard investment account in ICICI Bank offices situated in metro & urban territories need to keep up an average monthly balance of Rs.10,000, as indicated by the bank’s site – icicibank.com. The AMB (Average Monthly Balance) required in semi-urban, rustic & gramin areas is Rs.5,000, Rs.2,000 and Rs.1,000 separately.

Branch type Average monthly balance
Metro Rs. 10,000
Urban Rs. 10,000
Semi-urban Rs. 5,000
Rural Rs. 2,000
Gramin Rs.1,000

Be that as it may, banks additionally give a few savings accounts which don’t require the customer to keep up a specific minimum balance consistently.

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