INSUBCONTINENT EXCLUSIVE:
AMB is the minimum average of deposits required by the bank customers in their regular savings account.Regular savings bank accounts require
customers to maintain a certain average monthly balance (AMB) every month
AMB is the minimum average of deposits required by the bank customers in their regular savings bank accounts
Leading banks such as State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank have fixed their average monthly
balance requirements according to the location of a customer's account in urban, metro, semi-urban and rural areas
Banks charge a penalty from the customers who fail to maintain an average monthly balance in their savings account.Here's a comparison of
the average monthly balance in SBI, Punjab National Bank (PNB), HDFC Bank and ICICI Bank: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
1,000, respectively.Branch typeAverage monthly balanceMetroRs
1,000(Source: sbi.co.in)Punjab National Bank (PNB)Customers having a regular savings bank account in PNB located in metro, urban, semi-urban
areas are required to maintain a minimum quarterly average balance of Rs
2,000, said the lender on its official website - pnbindia.in
Customers with savings accounts in rural branches are required to maintain a minimum balance Rs
1,000.Branch TypeMinimum Quarterly Average BalanceRuralRs 1000/-Semi- UrbanRs 2000/-UrbanRs 2000/-MetropolitanRs 2000/-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
10,000, 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 Rs
In rural branches, the customers are required to either maintain an average quarterly balance (AQB) of Rs
2,500 or set up a fixed deposit of Rs
10,000 for a maturity period of a minimum one year and one day.Branch typeAverage monthly balanceMetroRs
need to maintain an average monthly balance of Rs
10,000, according to the bank's official website - icicibank.com
The average monthly balance required in semi-urban, rural and gramin locations is Rs
