Overview
Some savings accounts require customers to maintain a Minimum Average Balance (MAB).
Typical Minimum Balance
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Metro branches: ₹5,000
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Urban branches: ₹3,000
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Semi-urban branches: ₹2,000
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Rural branches: ₹1,000
Penalty for Non-Maintenance
If the minimum balance is not maintained, the bank may charge a monthly penalty fee.
How to Avoid Charges
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Maintain the required balance.
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Convert to a zero-balance account if eligible.
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Set up alerts to monitor your account balance.