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.

(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.