ICICI Bank has significantly lowered its minimum average balance requirement for savings accounts, responding to customer feedback. The rev...

Effective August 1, 2025, new savings account holders of ICICI Bank in metro and urban locations must maintain a minimum average balance of...

ICICI Bank is set to revise its minimum balance requirements significantly, effective August 1, 2025, for savings accounts in metro and urb...

Punjab National Bank has also reduced the interest rates on savings accounts across all balance slabs. SBI has waived the requirement for m...

Minimum balance charges: The minimum balance required can differ based on the type of savings account and the complimentary services provid...

The banks contended that if show cause notices were allowed, they will have to provision nearly Rs 50,000 crore as tax and penalty in their...

To help its customers maintain the required minimum balance, SBI is allowing them to view the average balance of their savings bank account...

Although several banks reduced their fines, the increase by other banks has compensated for it.

All banks are mandated by the Reserve Bank of India (RBI) to offer Basic Savings Bank Deposit Accounts to those looking to open a bank acco...

As the minimum balance requirement has to be met to avoid penalties, one should know how it is calculated to ensure that this requirement i...

SBI also said it had excluded Jan Dhan accounts, BSBD accounts, pensioners, beneficiaries of social benefits from the government and minors...

In April this year, the country's largest lender reintroduced charges on non-maintenance of monthly average balance (MAB) after a gap of fi...

These charges will also apply to customers of 5 erstwhile associates and Bharatiya Mahila Bank which have merged with State Bank of India e...

For metro cities, the minimum balance is Rs 5,000. In urban, semi-urban and rural areas, the charges will be Rs 3,000, Rs 2,000 and Rs 1,00...

As per the list of revised charges of SBI, the failure to maintain Monthly Average Balance (MAB) in accounts will attract a penalty of up t...

As per the list of revised charges of SBI, failure to maintain Monthly Average Balance (MAB) in accounts will attract penalty of up to Rs 1...

The public sector lender would also renew from April 1 the charge for people carrying out over three cash transactions at its branch within...