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  ICICI slashes minimum balance for new savings accounts to Rs 15,000 from Rs 50,000 after outrage

  Business | August 13, 2025 23:55 IST

  ICICI Bank's announcement last week had raised the MAB to Rs 50,000, which was in contrast to other banks that have rationalised their penalties.

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  ICICI bank raises minimum balance bar in savings accounts to Rs 50,000; massive jump from Rs 10,000

  Business | August 09, 2025 13:08 IST

  Failure to maintain the required balance may attract penalties. Customers who do not maintain the minimum average balance will be levied a penalty at 6 per cent of the shortfall or Rs 500, whichever is lower.

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  Which bank is charging how much for not maintaining minimum balance? Check details here

  Business | August 14, 2024 16:23 IST

  The Average Minimum Balance (AMB) is the minimum amount that must be maintained in your savings account to avoid being charged for non-maintenance.

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  SBI Zero Balance Account: Open SBI Basic Savings Bank account, get free RuPay Debit card

  Business | November 22, 2019 17:42 IST

  SBI zero balance account: State Bank of India (SBI), the country's largest lender offers a range of savings accounts to retail customers. While SBI has set certain rules for its regular savings accounts - wherein the account holder is required to maintain an average monthly balance to the tune of Rs. 1,000-3,000 in the account.

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  PNB recovers Rs 278 cr as penalty from poor account holders

  Business | August 08, 2019 8:15 IST

  India's one of the largest public sector bank, Punjab National Bank (PNB) has collected Rs 278.66 crore from the poor account holders as a penalty in the financial year 2018-19 for not maintaining the minimum balance. According to PNB data, the penalty amount of Rs 278.66 crore is 32 per cent more than the amount recovered in the last financial year (2017-18).

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  Customers pay Rs 5,000cr to banks in FY18 for breaching minimum balance

  Business | August 05, 2018 12:34 IST

  India's largest lender State Bank of India, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, led the pack in penalising its customers for not maintaining minimum account balance.

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  SBI closes 41.2 lakh saving accounts for not keeping minimum balance

  Business | March 14, 2018 7:56 IST

  The State Bank has 41 crore savings bank accounts. Of that, 16 crore are under the Pradhan Mantri Jan Dhan Yojana/basic savings bank deposit.

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  SBI reduces charges for non-maintenance of minimum balance, move to benefit 25 crore customers

  Business | March 13, 2018 11:02 IST

  The minimum balance limit for SBI customers is Rs 3,000 for metro and urban centres, Rs 2,000 for semi-urban areas and Rs 1,000, while certain groups exempted from the restrictions of maintaining a minimum balance.

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  SBI lowers minimum balance requirement for savings accounts in metros to Rs 3,000

  Business | September 25, 2017 20:34 IST

  The SBI today said it has lowered minimum balance requirement for savings accounts in metros to Rs 3,000 from the current Rs 5,000 while exempting pensioners and minors to maintain the minimum average balance.

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  SBI to levy charges for non-maintenance of minimum balance and ATM usage from today

  April 01, 2017 18:08 IST

  SBI will impose a penalty on non-maintenance of minimum balance in accounts besides effecting a revision in charges on other services.

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  No penalty if minimum balance not kept in dormant bank account

  May 06, 2014 19:49 IST

  Mumbai: The Reserve Bank today asked banks not to levy penalties on customers who don't maintain a minimum balance in any inoperative account as part of a consumer protection initiative.“It is advised that henceforth banks

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