Business News Desk,At present, you have to pay a fine for not maintaining the minimum balance in the bank account. Banks provide many facilities to their customers on savings account, but along with these facilities, customers also have to follow some rules. The most important thing is to maintain minimum balance. Every bank has different minimum balance limit, which the customers have to maintain. State Bank of India (SBI Minimum Balance Rules) has fixed the rule of minimum balance in its accounts according to the region. For rural areas, this limit is Rs 1,000. Customers in semi-urban areas need to keep Rs 2,000 in their account.
Minimum Balance Rules for HDFC Bank Account Holders
The average minimum balance limit in HDFC Bank also depends on the residency. This limit is Rs 10,000 in cities, Rs 5,000 in semi-urban areas and Rs 2,500 in rural areas.
Minimum Balance Rules for ICICI Bank Account Holders
ICICI Bank has fixed the rule of minimum balance in its accounts according to the region. The limit is Rs 10,000 for urban areas, Rs 5,000 for semi-urban areas and Rs 2,500 for rural areas.
The board of banks can remove the penalty on those who do not keep the minimum balance.
At present, you have to pay a fine for not maintaining the minimum balance in the bank account. But if everything goes well in the coming time, then there will be no need to maintain minimum balance in the bank account. In fact, Minister of State for Finance Bhagwat Kishanrao Karad had recently said that the board of directors of banks may decide to do away with the penalty imposed on accounts that do not maintain minimum balance.