From April 1, 2017, Public sector Bank State Bank Of India has decided to charge customers MAB charges, for failing to maintain a minimum balance for a quarter or a month. Other than SBI, some other Government Banks and Private Banks also charge customers for failing to maintain minimum amount balance in their saving account.
Revised MAB charges for 2017 of SBI, ICICI Bank, Axis Bank, HDFC Bank, Canara Bank, PNB Bank, Bank Of India, Bank Of Baroda, Kotak Mahindra Bank, Union Bank, Federal Bank.
It has to noted that even though banks do charge certain amount for Non Maintenance Of Minimum Balance In Saving Bank Account, The Bank will not charge any penalty for customers having Basic Savings Bank Deposit Account (BSBDA).
|Bank||Account type & Minimum Balance||MAB Penalty Charges|
|State Bank Of India||Metro MAB of Rs. 5000|
Urban MAB of Rs.3000
Semi-Urban MAB of Rs. 2000
Rural MAB of Rs.1000
|HDFC Bank||Savings Regular Account||For Urban / Metro branches:|
AMB between Rs 5,000 to Rs 10,000 - Rs 250/- per month.
AMB less than Rs 5,000 - Rs 350/- per month.
Semi urban / Rural:
AMB between Rs 2,500 to Rs 5,000 - Rs 250/- per month.
AMB less than Rs 2,500 - Rs 350/- per month.
|ICICI Bank||1.Regular Savings Account Rs.10,000 in Metro.|
2.Semi Urban Rs.5000.
|1. Rs. 5,000 =< MAB < Rs. 10,000=Rs.250 Per month.|
MAB < Rs. 5,000=Rs. 350 per month
2.Rs. 2,500 =< MAB < Rs. 5,000. Rs. 250 per month.
MAB < Rs. 2,500. Rs. 350 per month.
3. Rs. 1,000 =< MAB < Rs. 2,000. Rs. 250 per month.
MAB < Rs. 2,000. Rs. 350 per month.
|Kotak Mahindra Bank||1.Edge MAB=Rs.10,000|
2.Nova MAB= Rs.5000
| 1. AMB. <=50% of Rs.10,000 - Rs.450 per month/ For Nova Rs.350.|
2.AMB >50% of Rs.350 per month/ For Nova Rs.250 Per month.
|PNB Bank||Quarterly Average Balance (QAB) |
|Non Maintenance of QAB Charges|
|Canara Bank||1.Urban-MAB Rs.1000|
|Axis Bank||1.Metro/urban-AMB= Rs.10000|
2.Semi-urban- AMB= Rs.5000
3.Rural AMB= Rs.2500
|Bank Of Baroda||1. Rural / Semi-Urban- QAB- Rs.500|
2. Urban / Metro- QAB - Rs.1000
|Rural / Semi-Urban Rs. 100/- per quarter |
Urban / Metro Rs. 200 per quarter.
Rural/Semi-Urban QAB range:
250- 499- 50%
Below 100- 100%
Metro/Urban QAB range:
500- 999- 50%
Below 250- 100%