A Guide To Minimum Balance Rules In Top Banks In India
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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)
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ICICI: The minimum balance requirement in rural branches is Rs 10,000 and Rs 15,000 in urban branches. (File Photo)
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Axis Bank: The minimum balance requirement is Rs 2,500 for rural branches and Rs 12,000 for urban branches. (File Photo)
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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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