Minimum Balance Requirement: The Monthly Average You Need To Maintain In Your Account

Regular savings bank accounts, which do not permit the customer to keep a zero balance, require customers to maintain a certain minimum average balance (MAB) every month. Leading public sector banks State Bank of India (SBI) and Punjab National Bank (PNB), and private sector peers 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-urba...