Here's How Much Key Banks Charge For Non-Maintenance Of Minimum Balance

Leading banks of the country such as State Bank of India (SBI), ICICI Bank, HDFC Bank, PNB Bank, among others, charge customers for non-maintenance of average monthly balance (AMB) in their savings accounts. Average Monthly Balance (AMB) is the minimum average of deposits required by the customers in their savings bank accounts. Customers failing to meet the AMB requirements in a month have to bear these penalty charges. However, the amount of penalty varies across banks on the basis of branch location. .Here's a comparison of penalty charges for non-maintenance of AMB in SBI, HDFC Bank, ICICI Bank and PNB Bank:.State Bank of India (SBI):.SBI customers who have accounts in metro and urban centres are required to maintain an average monthly balance of Rs 3,000. Customers who maintain a balance equal to or less than 50 per cent of the required monthly balance are charged Rs10 per month plus the applicable GST (Goods and Services Tax) rate..table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table, thead, tbody, th, td, tr { font-size: 14px; } table th { padding: 4px; } table td { padding: 4px; } table th:nth-child(1), table td:nth-child(1), } } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Metro and urban branch (required MAB Rs 3,000) Charges Shortfall 50-75% Rs. 12 + GST Shortfall > 75% Rs. 15 + GST Semi-urban branch (required MAB Rs 2,000) Shortfall 50-75% Rs 10 + GST Shortfall > 75% Rs.12 + GST Rural (required MAB Rs 1,000) Shortfall 50-75% Rs. 7.50 + GST Shortfall > 75% Rs 10 + GST .(As mentioned on SBI's website).HDFC Bank:.Customers with a regular savings account in HDFC Bank branches located in metro and urban areas are required to maintain an average monthly balance of Rs. 10,000. The AMB required in semi-urban and rural locations is Rs. 5,000 and Rs. 2,500 respectively. The lender charges Rs 150 if the amount in savings account is less than Rs. 10,000 but more than Rs 7, 500, for metro and urban locations.. Description of Charges Regular Savings Account Minimum Average Balance Requirements Metro / Urban branches: AMB Rs.10,000/-, Semi-Urban Branches: AMB Rs.5,000/- , Rural Branches: AQB Rs.2,500/- or Fixed Deposit of Rs. 10,000 for minimum 1 year 1 day period Charges applicable on non-maintenance Balance Non-Maintenance Charges* AMB Slabs Metro & Urban Semi Urban (in Rs.) AMB Requirement -Rs 10,000/- AMB Requirement –Rs. 5,000/- >=7,500 to =5,000 to =2,500 to = 1000 < 2,500 Rs. 270/- 0 - <1000 Rs. 450/- *plus taxes as applicable AQB – Average Quarterly Balance .table.shdl_table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.shdl_table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.shdl_table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.shdl_table, table.shdl_table thead, table.shdl_table tbody, table.shdl_table th, table.shdl_table td, table.shdl_table tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { table.shdl_table, table.shdl_table thead, table.shdl_table tbody, table.shdl_table th, table.shdl_table td, table.shdl_table tr { font-size: 14px; } table.shdl_table th { padding: 4px; } table.shdl_table td { padding: 4px; } table.shdl_table th:nth-child(1), table.shdl_table td:nth-child(1), table.shdl_table th:nth-child(6), table.shdl_table td:nth-child(6) { displayx: none; } } /*Media Query END*/ . (As mentioned on HDFC Bank's official website) ICICI Bank: Customers with a regular savings account in ICICI Bank branches located in metro and urban areas need to maintain an average monthly balance of Rs 10,000. Minimum monthly average balance (MAB)* Metro and Urban locations - Rs.10,000 Semi-urban locations - Rs.5,000 Rural locations - Rs.2,000 Gramin locations - Rs.1,000 Charges for non maintenance of minimum monthly average balance (NMMAB) Metro/Urban/Semi-Urban/Rural locations : Rs. 100 + 5% of the shortfall in required MAB Gramin locations : 5% of the shortfall in required MAB .table.shdl_table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.shdl_table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.shdl_table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.shdl_table, table.shdl_table thead, table.shdl_table tbody, table.shdl_table th, table.shdl_table td, table.shdl_table tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { table.shdl_table, table.shdl_table thead, table.shdl_table tbody, table.shdl_table th, table.shdl_table td, table.shdl_table tr { font-size: 14px; } table.shdl_table th { padding: 4px; } table.shdl_table td { padding: 4px; } table.shdl_table th:nth-child(1), table.shdl_table td:nth-child(1), table.shdl_table th:nth-child(6), table.shdl_table td:nth-child(6) { displayx: none; } } /*Media Query END*/ . (As mentioned on ICICI Bank's official website) PNB Bank: Customers with a regular savings bank account in PNB located in metro, urban, semi-urban areas are required to maintain a minimum quarterly average balance of Rs. 2,000. Minimum quarterly average balance (QAB) & charges for not maintaining QAB Area Of Branch Minimum Quarterly. Average Balance Incidental Charges Rural Rs.1000/- From Rs 25 to 250 as per location, category and deficit in QAB as per brackets in Rs.100s Semi- Urban Rs.2000/- Urban Rs.2000/- Metropolitan Rs.2000/- (As mentioned on PNB Bank's official website) There are certain accounts where AMB rules are not applicable. These accounts are called as zero balance savings accounts.

Here's How Much Key Banks Charge For Non-Maintenance Of Minimum Balance

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