INSUBCONTINENT EXCLUSIVE:
Banks charge a penalty from the customers who fail to maintain an average monthly balance.Regular savings bank accounts require customers to
maintain a certain average monthly balance (AMB) every month
Leading banks such as State Bank of India (SBI), 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
Banks charge a penalty from the customers who fail to maintain an average monthly balance in their savings account
charges for insufficient balance in SBI, HDFC Bank and ICICI Bank:State Bank of India (SBI)Customers having a regular savings bank accounts
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
1,000, respectively.Branch typeAverage monthly balanceMetroRs
10 plus GST (goods and services tax) to Rs
12 + GSTShortfall > 75%Rs
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
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
for metro and urban locations.Balance Non-Maintenance ChargesAMB Slabs (in Rs.)Metro UrbanSemi UrbanAMB Requirement Rs 10,000AMB
150/-NA5,000 to < 7,500Rs
300/-NA2,500 to < 5,000Rs
(per quarter) - Rural Branches1000 < 2,500Rs
