Customers having a regular savings account in Yes Bank branches need to maintain an AMB of Rs 10,000.Most of the leading banks in the country charge customers for non-maintenance of monthly average balance (MAB) in their savings accounts.
Monthly Average Balance (MAB) is the sum of all the end of day (EOD) closing balance divided by the number of days in that month.
State-run SBI (State Bank of India) to private sector lenders HDFC Bank and ICICI Bank- have fixed their monthly average balance requirements according to the location of a customer's account in urban, metro, semi-urban and rural areas, among other factors.State Bank of India (SBI)Customers having a regular savings bank account in SBI branches located in metro and urban areas are required to maintain a monthly average balance of Rs.
3,000, said the country's largest lender on its official website - sbi.co.in.
Customers with SBI savings accounts in semi-urban and rural branches are required to maintain a minimum average balance of Rs.
2,000 and Rs 1,000, respectively.Customers failing to meet the MAB requirements have to bear the following penalty charges:Metro and urban branch (required MAB Rs 3,000)ChargesShortfall <= 50%Rs.
10 + GSTShortfall > 50-75%Rs.
12 + GSTShortfall > 75%Rs.
15 + GSTSemi-urban branch (required MAB Rs 2,000)Shortfall <= 50%Rs 7.50 + GSTShortfall > 50-75%Rs 10 + GSTShortfall > 75%Rs.12 + GSTRural (required MAB Rs 1,000)Shortfall <= 50%Rs 5 + GSTShortfall > 50-75%Rs.
7.50 + GSTShortfall > 75%Rs 10 + GST(As mentioned on SBI's official website)HDFC BankCustomers having a regular savings account in HDFC Bank branches located in metro and urban areas are required to maintain an average monthly balance of Rs10,000, said the bank on its official website - hdfcbank.com.
In semi-urban branches, the regular savings account holders are required to maintain an average balance of Rs5,000 every month.
Customers with accounts in rural branches are required to maintain a MAB of Rs 5,000 andRs 2,500 respectively.Customers failing to meet the MAB requirementshave to bear the following penalty charges:Description of ChargesRegular Savings AccountMinimum Average Balance RequirementsMetro / Urban branches: AMB Rs.10,000/-,Semi-Urban Branches: AMB Rs.5,000/- ,Rural Branches: AQB Rs.2,500/- or Fixed Deposit of Rs.
10,000 for minimum 1 year 1 day periodCharges applicable on non-maintenanceBalance Non-Maintenance Charges*AMB SlabsMetro UrbanSemi Urban(in Rs.)AMB Requirement -Rs 10,000/-AMB Requirement Rs.
5,000/->=7,500 to < 10,000Rs.
150/-NA>=5,000 to < 7,500Rs.
300/-NA>=2,500 to < 5,000Rs.
450/-Rs.
150/-0 to < 2,500Rs.
600/-Rs.
300/-* plus taxes as applicableAMB Average Monthly BalanceAQB Slabs (in Rs.)Balance Non-Maintenance Charges* (per quarter) - Rural Branches>= 1000 < 2,500Rs.
270/-0 - <1000Rs.
450/-*plus taxes as applicableAQB Average Quarterly BalanceCustomers having a regular savings account in YesBank branches need to maintain an average monthly balance (AMB) of Rs 10,000, according to the bank's official website - yesbank.in.Customers failing to meet the MAB requirementshave to bear the following penalty charges:AMB MaintainedNon-Maintenance Charge per monthIf balance maintained is >=100% of the requirementNilIf balance maintained is >50% of the requirement5% of balance shortfallIf balance maintained is <=50% of the requirement10% of balance shortfallMaximum AMB non-maintenance chargeRs 500 per month(As mentioned on Yes Bank's official website)However, there are certain accounts where MAB rules are not applicable.
These accounts are called as zero balance savings accounts.