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Saving account update: If the minimum balance in someone's savings account is not met, then the bank can impose a penalty on them. This penalty depends on different types of accounts and different conditions. Because of this, the customer must maintain the minimum amount prescribed in their account.

If the amount is less than the minimum balance prescribed, the bank can charge an extra fee (Non-Maintenance Fine) to the customers, which can be changed from time to time. Therefore, to avoid such fines, it is important to always keep in mind the minimum balance in the account and its conditions.

These are the limits in SBI -

If you are a customer of State Bank of India (SBI) and have a savings account in your State Bank of India (SBI) account, then you will have to maintain a minimum balance based on your account. Those living in metro or urban areas are going to have to keep at least Rs 3,000 in the account. For those living in small cities, this amount has been fixed at Rs 2,000. On the other hand, if the account is in a village bank, then maintaining a minimum balance of Rs 1,000 is too much.

Minimum balance limit in PNB -

Punjab National Bank (PNB) customers are also required to maintain a minimum balance in their regular savings accounts, which depends on their account location and account type. On the other hand, customers living in urban, semi-urban, and metro areas will have to maintain a balance of Rs 2,000. Those having accounts in rural areas will have to maintain a minimum balance of at least Rs 1,000 every month (PNB minimum balance limit).

Minimum balance limit in HDFC bank account -

HDFC Bank (HDFC bank minimum balance limit) customers have to maintain a minimum balance in their savings account according to the location of their branch. Account holders of branches located in urban and metro areas are required to maintain a balance of Rs 10,000. At the same time, it is necessary for customers having an account in rural areas to maintain Rs 5,000 and Rs 2,500 in semi-urban areas. So that they can avoid paying fees to the bank (minimum balance limit).

Indusind Bank customers should keep a minimum balance of this much-

Indusind Bank customers have to maintain a minimum balance (minimum balance maintenance fees) in their savings account based on the terms and conditions of the bank.

For this, the account is included in category A and B branches. They are required to maintain a balance of Rs 10,000. At the same time, for customers having an account in category C branches, this amount is Rs 5,000. The bank has made these categories according to urban and rural areas.

Rules for minimum balance in Yes Bank-

Yes Bank Savings Advantage account holders will have to maintain a balance of at least Rs 10,000 every month (Yes Bank account minimum balance limit). If the customer does not maintain this amount, then they may have to pay a monthly fee of up to Rs 500 to the bank. This fee is charged when there is no required balance in the account.

ICICI Bank's Minimum Balance Limit -

ICICI Bank customers have to maintain a minimum balance every month for their savings account, but this balance varies according to different accounts. Customers living in metro and urban areas will have to maintain a balance of Rs 10,000.

At the same time, this amount is Rs 5,000 in semi-urban areas and Rs 2,000 per month for people in rural areas. If the customer has opened an account in rural areas, then he has to maintain a balance of at least Rs 1,000 every month.

Kotak Mahindra Bank's minimum balance rule-

Gold Rate: 10 grams of gold will cost this much after 3 months

In Kotak Mahindra Bank's savings account (Savings Account minimum balance rules), customers have to maintain a minimum balance of Rs 10,000 every month. If this amount falls short, the bank charges some fee, which can be up to Rs 500.

At the same time, the bank offers another account, called Kotak 811, in which there is no requirement to maintain a balance. This account is very convenient for those who do not have to worry about maintaining a minimum balance.

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