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Minimum Monthly Balance In Savings Accounts: SBI, HDFC, ICICI, Kotak Bank

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State Bank Of India (SBI)

The AMB requirement in SBI’s basic savings accounts was eliminated in March 2020. Before the modification, SBI account holders had to keep a monthly balance of Rs 3,000, Rs 2,000, or Rs 1,000 in their accounts in a metro area, a semi-urban area, or a rural area, respectively.

HDFC Bank

Savings account customers with HDFC bank are expected to maintain an average monthly balance of Rs 10,000 in urban areas and metro cities. The minimal monthly ceiling in semi-urban areas is set at Rs 5,000.

ICICI Bank

Holders of ICICI bank regular savings accounts must keep a minimum balance of Rs 10,000 in metro or urban areas, Rs 5,000 in semi-urban areas, and Rs 2,000 in rural areas every month.

Punjab National Bank

Savings account holders at Punjab National Bank branches in urban and suburban areas are required to keep a balance of Rs 20,000 on a quarterly basis.

Kotak Mahindra Bank

Kotak Mahindra Bank savings account holders must keep an average monthly balance of Rs 10,000 in metro areas and Rs 5,000 in non-metro areas.

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Deal Newbie Deal Newbie
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bhai SBI ka AMB samaj nahi aaya

Tech Guru Tech Guru
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(monthly average balance/average monthly balance)MAB bhai AMB nai. SBI savings account ke basic version me 0 MAB. 🙂🙂🙂

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Deal Newbie Deal Newbie
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bank or government ka sahi hai, minimum balance kr dere hain 5-10-20 hazaar, or fir adani ambani ko loan de dere hain, fir jab unki band bazri hai to or bda dere hain minimum balance limit ko. 

Helpful Helpful
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HA+VU 

Off Topic:- Bhai one thing i am Missing in new UI 😒

Previously there was a mention on every thread like (Last Commented - 1 min. ago), that was best thing for me to check the thread from (Last commented - 1 min. to 24h) but now it is missing. 😒 Please add this option again. 🙏🏻

Critic Critic
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Please also add some option to disable infinite scrolling.
@admin
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Cool Cool
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I think sbi has put MAB on hold for sometime now due to covid policy. I am not sure tho.

Hotshot Hotshot
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Yes. I too think the same.

Savings Mentor Savings Mentor
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PNB MAB is 2000 not 20000 🙂. It's a PSU bank

Finance Ninja Finance Ninja
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Kotak bank open Everyday saving account and also get RuPay Platinum debit card - https://www.desidime.com/discussions/kotak-bank...

Say goodbye to Non Maintenance Charges

Transact* 30 times a month or maintain Average Monthly Balance of Rs. 20,000/- to get Non Maintenance charges (NMC) waived off

Deal Subedar Deal Subedar
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20k for what benifit? Just for the card for which is anyway charged?

If someone wants lowest balance requirement - Canara bank requirement is only 1k min balance. Card is 100 + tax. Take a look at other charges though because many things are chargeable (like change in address, phone, etc). Service is not so good. 


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Deal Cadet Deal Cadet
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Indian bank - MAB-500 (for rural) and 1000(For urban and semi urban)

Deal Newbie Deal Newbie
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No MINIMUM BALANCE in STATE BANK OF INDIA....KINDLY UPDATE

Deal Newbie Deal Newbie
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With effect from August 2020, the SBI has removed the minimum saving account balance penalty for all savings bank account holders.

Helpful Helpful
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pnb is 20k ???? wow !

Helpful Helpful
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Best suggestions for 25k MAB Savings Account?

Chance for Preapproval Offers later...

Savings Mentor Savings Mentor
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I wish I had ICICI Wealth account which is 0 MAB but they told me 30L at the branch 😏

Deal Newbie Deal Newbie
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Axis?

Deal Subedar Deal Subedar
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What about debit cards? Which bank gives best cashback for their debit card? Generally most banks don't give anything, with very few exceptions. But even their cashback rate is too low to be Intresting.

Deal Cadet Deal Cadet
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HDFC bank Millennium Debit card. MAB 10k in HDFC bank
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Deal Newbie Deal Newbie
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My pnb account balance is always less than 1000Rs

Pro Community Angel Pro Community Angel
Moderator
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@bsnt

In NO WAY we carry out interactions like that.. if that's the only way to put your point forward, stop doing the same with anyone around here.

Any kind of personal attacks on anyone is strictly NO! Try to put your points in civil manner to help us maintain the forum decorum.


Post Emperor Post Emperor
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It is in response to the fact that he accused me of misguiding. I think it is not correct to accuse someone who puts forward his view with facts from kotak bank website itself. I think such an accusation deserves a response in kind  Further I have voiced my views in general regarding sweep in facility, but the defence was of kotak bank in particular. Clearly shows an agenda to me. Interactions mean understanding viewpoints not pushing agendas. Nowhere does he refer to my simple point that sweep in facility is detrimental if frequent and  quick withdrawals are required. Instead he says i misunderstood the simple English in which kotak bank has itself said the same thing on their website. I think my interaction was perfectly fine taking into account his responses and unsolicited direct message to me. It is not a personal attack rather an attack on the content put forward clearly indicating a vested interest  @deb3l
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Deal Cadet Deal Cadet
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I have not maintained Monthly Average balance (MAB) in my ICICI savings account for the last 4 years. They also did not charge me for it. Does ICICI Bank deduct retrospectively if I do not maintain the minimum balance?

(In their System : MAB is showing 10,000)

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