![]() ![]() Branch TypeĬustomers having a regular savings account in HDFC Bank branches located in metro and urban areas are required to maintain an average monthly balance of Rs. Customers with savings accounts in rural branches are required to maintain a minimum balance Rs. 2,000, according to its website, pnbindia.in. Branch typeĬustomers having a regular savings bank account in Punjab National Bank (PNB) branches located in metro, urban, semi-urban areas are required to maintain a minimum quarterly average balance of Rs. ![]() Customers with SBI accounts in semi-urban and rural branches are required to maintain a minimum average balance of Rs. ![]() 3,000, according to the bank's website, sbi.co.in. Here's a comparison of the average monthly balance requirement in SBI, PNB, HDFC Bank and ICICI Bank: State Bank of IndiaĬustomers having a regular savings bank account in SBI branches located in metro and urban areas are required to maintain a monthly average balance of Rs. Banks also charge a penalty from the customers failing to maintain the required average monthly balance in their savings bank accounts. The average monthly balance requirements depend on the location of a customer's account in urban, metro, semi-urban and rural areas. From public sector lenders like State Bank of India (SBI) and Punjab National Bank (PNB) to their private sector peers HDFC Bank and ICICI Bank, most banks have fixed their own average monthly balance requirements. I hope this answer would help you with insights about the HDFC AMB charges.Banks today require their savings account customers to maintain a certain average monthly balance (AMB). You can also calculate your AMB in HDFC bank, through their, Customers having accounts at rural branches must keep an AMB of 5,000 and 2,500 rupees, respectively. Regular savings account holders in HDFC Bank’s semi-urban branches must maintain an average monthly balance of Rs 5,000. Customers that fail to meet the AMB’s requirements are subject to penalties.Ĭalculate EMI using the NoBroker EMI calculator.Īccording to the bank’s official website,, customers with regular savings accounts at HDFC Bank offices in metro and urban areas must maintain an average monthly balance of Rs 10,000. Most banks including the HDFC Bank, a private sector lender, have set a monthly average balance requirement based on a customer’s account location in urban, metro, semi-urban, and rural areas, among other considerations. ![]() The sum of all end of day (EOD) closing balances divided by the number of days in the month is the Average Monthly Balance (AMB).Ĭheck out NoBroker home loan services for best home loan offers I’d like to provide some further information.Ĭustomers must maintain an Average Monthly Balance (AMB) in their ordinary savings accounts at most banks across the country. Do you have a savings bank account in the HDFC bank? Are you worried about the HDFC AMB charges? I am also a HDFC savings bank account holder. ![]()
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