Which bank is charging how much for not maintaining minimum balance? Check details here

7 months, 3 weeks ago

Which bank is charging how much for not maintaining minimum balance? Check details here

New Delhi: There was news recently that government banks collectively charged approximately Rs 8,495 crore from their customers for not maintaining the minimum balance. Full details of SBI, HDFC, ICICI, Yes Bank and PNB here: Here are the details regarding the charges for not maintaining the minimum balance in savings accounts across different banks: State Bank of India Since 2020, SBI has not levied any charges for not maintaining the minimum balance in savings accounts. HDFC Bank The average monthly balance requirement for HDFC Bank is Rs 10,000 for metro and urban areas or Rs 1 lakh for an FD of one year and one day. Punjab National Bank The penalty for not maintaining the minimum balance in the account is Rs 400 for rural areas, Rs 500 for semi-urban and Rs 600 for urban/metro areas.

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News in Numbers: SBI minimum account balance lowered to Rs3000

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State Bank of India reduces penalty for non-maintenance of minimum balance

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SBI's decision to charge on monthly minimum balance may lead to consolidation of family accounts

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SBI's monthly average balance hike spares Jan Dhan a/cs; govt asks bank to reconsider penalty

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SBI to charge for breach of minimum balance from 1 April; revise charges on ATMs, other services

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