Savings Account Cash Limit: There should be this minimum balance in the savings account, otherwise penalty will be imposed!

Savings Account Cash Limit: Banks charge non-maintenance penalty from customers for not maintaining a certain amount in their savings account. Therefore you should keep a minimum amount in your bank every month. But, many people do not know what the minimum balance should be in their bank account. Due to this, when their balance decreases, banks start imposing penalty on them and every year a huge amount is deducted from it.

If you also want to know what is the minimum balance you will have to maintain in your savings account, then this news is for you. Here we are giving information about the minimum balance of different banks…

state Bank of India

If you have a savings account in State Bank of India and you live in a metro or city, then you will have to keep at least Rs 3000 in your account. Whereas if you keep it in semi-urban or small town then you will have to maintain a minimum balance of Rs 2,000. If the account is in the village bank then it is necessary to keep at least Rs 1,000 in the savings account.

Punjab National Bank

Regular savings account customers of Punjab National Bank (PNB) in urban, semi-urban and metro areas are required to maintain a minimum balance of Rs 2,000. At the same time, PNB customers having savings accounts in rural areas will have to maintain a monthly average balance of Rs 1,000.

HDFC bank

Regular savings account customers of HDFC Bank located in urban and metro locations are required to maintain a minimum balance of Rs 10,000. Customers who have savings accounts in rural and semi-urban bank branches will have to maintain an average minimum balance of Rs 5,000 and Rs 2,500 respectively.

IndusInd Bank

IndusInd Bank customers having their savings accounts in A and B category branches will have to maintain a minimum balance of Rs 10,000 in their savings account.

Customers who have savings accounts in Category C branches must maintain a minimum balance of Rs 5,000.

yes bank

Talking about Yes Bank, customers with Savings Advantage Account will have to maintain a minimum balance of Rs 10,000 to avoid penalty.

For not maintaining the minimum balance, the bank charges a non-maintenance charge of up to Rs 500 every month from the customer.

ICICI Bank

ICICI Bank customers who have savings accounts in branches located in metro and urban areas are required to maintain a minimum balance of at least Rs 10,000. Customers with savings accounts in semi-urban areas and rural areas will have to maintain a minimum balance of Rs 5,000 and Rs 2,000 per month respectively. Customers who have opened regular savings accounts in rural (rural) areas are required to maintain an average balance of Rs 1,000 per month.

Kotak Mahindra Bank

Kotak Mahindra Bank Edge Savings Account customers must maintain a minimum monthly balance of Rs 10,000. If customers do not meet the requirement of maintaining an AMB of Rs 10,000, they will have to pay a monthly non-maintenance charge of up to Rs 500. There is no minimum balance requirement in the Kotak 811 savings account offered by the bank.