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Keep such Minimum Balance in SBI, ICICI, HDFC's Accounts, or you will have to pay heavy fines

In the beginning of this year, the report came that SBI had collected Rs 1,771 crore as penalty from customers in the middle of April to November due to not keeping minimum balance in the account. So it is very important for you to know what is the minimum amount of different banks.

New Delhi: If you have a bank account, it is very important for you to know that many banks currently charge fines from customers due to not having a fixed minimum amount in the account. In this case names of many big banks like State Bank of India, ICICI and HDFC are included. In the beginning of this year, it was reported that SBI had collected Rs 1,771 crore in fines from April to November in the form of minimum balance i.e. not keeping the minimum amount in the account. So it is very important for you to know how much the minimum amount has been set by the banks. Today, we are telling you to keep at least how much money you have in your account so that you do not get penalized.

Minimum balance means i.e. ‘Monthly average balance’ in the language of the minimum amount, which means ‘the monthly average amount’. This means that at least one such month should be in your account or penalties will be found. These penalties range from Rs 5 to Rs 600. All the information given here is related to the savings account. These rules do not apply to existing or other account holders.

SBI (State Bank of India)

SBI has set separate ‘monthly average amount’ for urban and rural branches. The account holders of the metro city have to keep at least Rs. 3000 in their account. Similarly, SBI account holders in urban areas also have to keep the minimum balance up to Rs. 3000 in their account. If the people of the metro and urban areas get less money in the account then they can be fined between Rs 10 and Rs 15. GST is also added in this. In this way the penalty amount will increase.

Although there is little relief to account holders of semi-urban and rural areas. For semi-urban 2000 and village bank customers, it is mandatory to have Rs 1000 in their account. Semi-urban account holders feel fine from 7.5 to 12 rupees. GST is also added in this. There is a fine of Rs. 5 to 10 for the people of the rural areas. Together also seems GST.


Private Bank ICICI has fixed minimum balance of Rs 10,000 for the people of metro and urban areas. If you have less money than it will look fine. The amount for semi-urban and Rs. 2000 for villagers has been fixed. Private banks have a much higher fines than government banks. If the ICICI Bank does not have minimum balance, it will have to pay the penalty amount by adding five percent of the amount which is less than 100 rupees and Minimum Balance to complete the minimum balance. This rule of penalty amount is same for all types of branches of ICICI except for rural banks. In keeping with the minimum balance in the rural bank, the amount which is less in completing the minimum balance will have to be punished as 5 percent.

 HDFC Bank

Like ICICI, the penalty amount is also quite high in HDFC Bank. HDFC Bank has fixed the ‘monthly average amount’ i.e. minimum balance for the branches of metro and urban area ie 10,000 rupees. There is a fixed amount of Rs 5000 and Rs 2,500 for semi-urban and rural branches. If you do not keep so much money, then there is a different penalty.

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