INSUBCONTINENT EXCLUSIVE:

Customers who fail to maintain the monthly average balance, have to pay a penalty to the bank.Regular savings accounts in banks require

account holders to maintain a certain minimum average balance (MAB) every month

Leading banks such as State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank have fixed their monthly/quarterly

average balance requirements according to the location of a customer's account in urban, metro, semi-urban and rural areas

Customers who fail to maintain the monthly average balance in their savings account, have to pay a penalty to the bank, which varies

according to factors such as branch location.Here's a comparison of the minimum average 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 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.Branch typeAverage monthly balanceMetroRs

3,000UrbanRs

3,000Semi-urbanRs

2,000RuralRs

semi-urban areas are required to maintain a minimum quarterly average balance of Rs

2,000, said the lender on its website, pnbindia.in

Customers with savings accounts in rural branches are required to maintain a minimum balance Rs

1,000.Branch TypeMinimum Qly

HDFC Bank branches located in metro and urban areas are required to maintain an average monthly balance of Rs

10,000, according to hdfcbank.com

In semi-urban branches, the regular savings account holders are required to maintain an average balance of Rs

5,000 every month

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

10,000UrbanRs

10,000Semi-urbanRs

5,000RuralRs

need to maintain an average monthly balance of Rs

10,000, according to the bank's website - icicibank.com

The average monthly balance required in semi-urban, rural and gramin locations is Rs

5,000, Rs

2,000 and Rs

10,000UrbanRs

10,000Semi-urbanRs

5,000RuralRs

Minimum Balance Rules Of Key Lenders Explained Here