Bank Account Minimum Balance: Big news for SBI-HDFC-ICICI Bank, get it done today, otherwise you will be fined
Newz Fast, New Delhi: The minimum balance to be maintained in a State Bank of India (SBI) Savings Account depends on where you live. The minimum limit in SBI account is from Rs.1 thousand to Rs.3 thousand in city account.
If your account is also in SBI HDFC or ICICI Bank then this news is very important for you because nationalized banks offer many facilities to customers upon opening an account. happens
Maintain minimum average balance
After opening any bank account, it is important that you always maintain a minimum average balance in your account.
If you do not maintain this balance, then a penalty charge is charged by the bank. Every bank sets an average limit, the customer is required to always keep money up to that limit in his account.
The limit of some banks is similar
What is the average minimum balance of the bank? Although some banks have the same limit and some are different, today we will tell you about the minimum balance of the leading banks of the country, SBI ICI Bank and HDFC Bank.
How much balance is required to be maintained in SBI?
The minimum balance required in a State Bank of India (SBI) Savings Account depends on where you live. The minimum limit in SBI account is from Rs.1 thousand to Rs.3 thousand in city account.
For rural areas it is Rs 1,000, semi-urban area ki branch mein account hai so you need to keep Rs 2,000 in your account. Apart from this, the limit is Rs 3,000 in metro cities.
Average Minimum Account Balance for HDFC
The average minimum balance limit in HDFC depends on your residency. In cities, this limit is Rs 10,000. At the same time, there is a limit of Rs 5,000 in semi-urban areas and Rs 2,500 in rural areas.
ICICI Bank Ltd
ICICI Bank account also has to maintain minimum balance as HDFC. Here it is necessary to maintain a limit of Rs 10,000 for account holder in urban area, Rs 5,000 for semi-urban and Rs 2,500 for rural area.
Minimum balance rule is not applicable in some special bank accounts. These types of bank accounts include accounts related to Pradhan Mantri Jan Dhan Yojana, Basic Savings Bank Deposit Account, Pensioners' Savings Account, Salary Account and Minor's Savings Account.