Regular savings bank accounts are the most popular type of bank accounts. They are also one of the safest investment options as they allow accountholders to save their money, use it anytime, and also earn interest.
These accounts, however, require customers to maintain a certain
minimum average monthly balance which differs from bank to bank.
minimum average monthly balance which differs from bank to bank.
Here are the minimum balance rules of top banks.
SBI :-
Minimum account balance rules of State Bank of India
Customers having regular savings bank accounts in branches of State Bank of India (SBI) located in metro and urban locations must maintain a minimum average monthly balance (AMB) of Rs. 3,000.
However, for accounts in semi-urban SBI branches, the AMB is Rs. 2,000. Customers with savings accounts in rural branches of the bank are required to maintain a minimum average balance of Rs. 1,000.
Punjab National Bank's minimum balance :-
Punjab National Bank (PNB) is also one of the top banks in India. Those holding regular savings bank accounts in PNB's metro, urban, and semi-urban locations must maintain a minimum quarterly average balance of Rs. 2,000, as per the bank rules.
However, those customers having savings accounts in rural area branches must maintain a minimum balance of Rs. 1,000.
ICICI Bank savings accounts and minimum balance :-
ICICI Bank, those holding regular savings accounts in the bank branches falling under metro and urban areas are required to maintain an average monthly balance of Rs. 10,000, as per the bank rules.
The minimum monthly balance requirement is Rs. 5,000 for semi-urban area accounts, Rs. 2,000 for rural area accounts, and Rs. 1,000 for accountholders in Gramin locations.
HDFC Bank savings accounts and minimum balance rules :-
HDFC Bank customers having regular savings accounts in metro and urban areas are required to maintain an average monthly balance of Rs. 10,000. For semi-urban accounts, the requirement is Rs. 5,000.
Customers holding accounts in rural branches are required to maintain either a minimum quarterly average balance of Rs. 2,500 or have a fixed deposit of Rs. 10,000 for a minimum of 366 days.
