HDFC Bank Charges This Much Penalty For Insufficient Balance In Savings Account

Private sector lender HDFC Bank - the country's largest bank by market value - requires its customers to maintain a certain minimum balance in their regular savings accounts in order to avoid penalty charges. In other words, the lender levies certain penalty charges payable from the customer for failing to ensure sufficient average monthly balance (AMB). For regular savings accounts held in HDFC Bank's metro and urban branches, the customer is required to maintain an average monthly balance of Rs 10,000 to avoid penalty charges, according to the lender's website - hdfcbank.com. In semi-urban branches, an average of Rs 5,000 is required.

Private sector lender HDFC Bank - the country's largest bank by market value - requires its customers to maintain a certain minimum balance in their regular savings accounts in order to avoid penalty charges. In other words, the lender levies certain penalty charges payable from the customer for failing to ensure sufficient average monthly balance (AMB). For regular savings accounts held in HDFC Bank's metro and urban branches, the customer is required to maintain an average monthly balance of Rs 10,000 to avoid penalty charges, according to the lender's website - hdfcbank.com. In semi-urban branches, an average of Rs 5,000 is required.

Here are key details about HDFC Bank's balance requirements for its regular savings accounts:

HDFC Bank Minimum Balance In Metro/Urban Branches

HDFC Bank has set an average monthly balance of Rs 10,000 for the regular savings accounts in its metro and urban branches.

HDFC Bank Minimum Balance In Semi-Urban Branches

In its semi-urban branches, customers are required to maintain a monthly average (AMB) of Rs 5,000 in their regular savings accounts, according to the HDFC Bank website.

HDFC Bank Minimum Balance In Rural Branches

In rural branches, HDFC Bank customers are required to maintain an average quarterly balance (AQB) of Rs 2,500 to avoid penalty charges.

Customers holding a fixed deposit of Rs 10,000 and above for a minimum term of one year and one day are also exempt from the penalty charges, according to the HDFC Bank website.

HDFC Bank Charges For Insufficient Balance In Savings Account

Metro, Urban And Semi-Urban Branches

Rural Branches

HDFC Bank charges a fee to the tune of Rs 150-600 (excluding taxes) for insufficient balance in regular savings accounts held in its metro, urban and semi-urban branches.