Minimum Balance Rules Of Key Public, Private Banks Explained Here

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), Punjab National Bank (PNB), 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 customers who fail to maintain an average mon...