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. However, after a public outcry, it has now announced that the minimum balance will be Rs 15,000. Here’s a look at the minimum average balance requirements across various banks including SBI, ICICI Bank, HDFC Bank, and so on.
State Bank of India (SBI): The minimum balance requirement is zero for both rural and urban/metro branches. (File Photo)
Union Bank of India: In rural branches, the minimum balance requirement is Rs 250 with cheque book and Rs 100 without cheque book. In urban branches, it is Rs 1000 with cheque book and Rs 500 without cheque book. (File Photo)
HDFC: The minimum balance requirement in rural branches is Rs 2,500 and Rs 10,000 in urban branches. , VinFast hopes to penetrate not just metro markets but also Tier-2 and Tier-3 cities. (File Photo)
ICICI: The minimum balance requirement in rural branches is Rs 10,000 and Rs 15,000 in urban branches. (File Photo)
Axis Bank: The minimum balance requirement is Rs 2,500 for rural branches and Rs 12,000 for urban branches. (File Photo)
Bank of Baroda: The minimum balance requirement is Rs 500 for rural branches and Rs 2,000 for urban branches. (File Photo)
IDFC First Bank: The minimum balance requirement in both rural and urban branches is Rs 10,000/Rs 25,000. (File Photo)
Bank of India: The minimum balance requirement is zero for both rural and urban/metro branches.
Meanwhile, Punjab National Bank and Canara Bank had announced the removal of penalty charges for not maintaining the minimum average balance in all saving accounts. (File Photo)
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