Here’s How Much Key Banks Charge For Non-Maintenance Of Minimum Balance

July 2, 2019

Leading banks of the country such as State Bank of India (SBI), ICICI Bank, HDFC Bank, PNB Bank, among others, charge customers for non-maintenance of average monthly balance (AMB) in their savings accounts. Average Monthly Balance (AMB) is the minimum average of deposits required by the customers in their savings bank accounts. Customers failing to meet the AMB requirements in a month have to bear these penalty charges. However, the amount of penalty varies…