{"id":4059,"date":"2025-08-10T09:46:12","date_gmt":"2025-08-10T09:46:12","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/10\/from-zero-to-rs-50000-minimum-balance-rules-compared-across-sbi-icici-hdfc-and-others-savings-and-investments-news\/"},"modified":"2025-08-10T09:46:12","modified_gmt":"2025-08-10T09:46:12","slug":"from-zero-to-rs-50000-minimum-balance-rules-compared-across-sbi-icici-hdfc-and-others-savings-and-investments-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/10\/from-zero-to-rs-50000-minimum-balance-rules-compared-across-sbi-icici-hdfc-and-others-savings-and-investments-news\/","title":{"rendered":"From Zero To Rs 50,000: Minimum Balance Rules Compared Across SBI, ICICI, HDFC, And Others | Savings and Investments News"},"content":{"rendered":"


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Last Updated:<\/span>

Check minimum average balance requirements for across various banks including SBI, ICICI Bank, HDFC Bank, and so on.<\/h2>\n
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ICICI Bank announces to hike minimum balance for savings account to Rs 50K. <\/p>\n<\/figure>\n

Minimum Balance Rules Comparison:<\/strong> The Private Lender ICICI Bank has recently announced that the minimum balance requirement for savings accounts opened on or after August 01, 2025 will be increased to Rs 50,000 from the earlier Rs 10,000. The move has been met with some criticism from various echelons of society, as it will hamper people with low income from getting access to financial and banking services.<\/p>\n

In metro and urban branches, the minimum average monthly balance (MAMB) will be Rs 50,000, up from the earlier Rs 10,000. In semi-urban branches, it will rise to Rs 25,000 from Rs 5,000, while in rural branches, the requirement will double to Rs 10,000 from Rs 5,000. The higher MAMB will apply only to new accounts opened after August 1.<\/p>\n

Customers who fail to meet the requirement will face a penalty of 6% of the shortfall or Rs 500, whichever is lower.<\/p>\n

The State Bank of India (SBI) and a few other banks are softening their stance for minimum average balance requirements for both rural and urban metros.<\/p>\n

Earlier, Punjab National Bank (PNB) and Canara Bank had announced the removal of penalty charges for not maintaining the minimum average balance (MAB) in all savings accounts.<\/p>\n

Canara Bank brought significant relief to its savings account holders by eliminating the average monthly balance (AMB) requirement for all types of savings bank accounts.<\/p>\n

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Here\u2019s the minimum balance requirement for Rural and Urban\/Metro branches:<\/span><\/strong><\/td>\n<\/tr>\n
\u00a0<\/span><\/td>\n\u00a0<\/span><\/td>\n\u00a0<\/span><\/td>\n<\/tr>\n
Bank<\/span><\/td>\nRural Branches<\/span><\/td>\nUrban\/Metro Branches<\/span><\/td>\n<\/tr>\n
State Bank of India<\/span><\/td>\nZero balance<\/span><\/td>\nZero balance<\/span><\/td>\n<\/tr>\n
Union Bank of India<\/span><\/td>\nWith cheque book: Rs. 250<\/span><\/td>\nWith cheque book: Rs. 1,000<\/span><\/td>\n<\/tr>\n
Without: Rs. 100<\/span><\/td>\nWithout: Rs. 500<\/span><\/td>\n<\/tr>\n
HDFC Bank<\/span><\/td>\nRs. 2,500<\/span><\/td>\nRs. 10,000<\/span><\/td>\n<\/tr>\n
ICICI Bank<\/span><\/td>\nRs. 1,000 (gramin) \/ Rs. 2,000 (rural)<\/span><\/td>\nRs. 50,000<\/span><\/td>\n<\/tr>\n
Axis Bank<\/span><\/td>\nRs. 2,500<\/span><\/td>\nRs. 12,000<\/span><\/td>\n<\/tr>\n
Bank of Baroda<\/span><\/td>\nRs. 500<\/span><\/td>\nRs. 2,000<\/span><\/td>\n<\/tr>\n
IDFC First Bank<\/span><\/td>\nRs. 10,000 or Rs. 25,000<\/span><\/td>\nRs. 10,000 or Rs. 25,000<\/span><\/td>\n<\/tr>\n
Bank of India<\/span><\/td>\nRs. 500 (Ordinary)<\/span><\/td>\nRs. 10,000<\/span><\/td>\n<\/tr>\n
Rs. 5,000 (Mahila SB)<\/span><\/td>\n<\/tr>\n
Rs. 10,000 (Senior Citizen SB)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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<\/span><\/p>\n

Varun Yadav<\/a><\/p>\n

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Stay updated with all the latest business news, including\u00a0market trends<\/a>,\u00a0stock updates<\/a>,\u00a0tax<\/a>, IPO,\u00a0banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates\u2014only on News18. Also\u00a0Download the\u00a0News18 App<\/a>\u00a0to stay updated!<\/span><\/div>\n

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Last Updated:August 10, 2025, 15:07 IST Check minimum average balance requirements for across various banks including SBI, ICICI Bank, HDFC Bank, and so on. ICICI Bank announces to hike minimum balance for savings account to Rs 50K. Minimum Balance Rules Comparison: The Private Lender ICICI Bank has recently announced that the minimum balance requirement for…<\/p>\n","protected":false},"author":1,"featured_media":4060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-4059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/4059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=4059"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/4059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/4060"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=4059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=4059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=4059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}