\Kotak Mahindra Bank AMB Charges in Indian Rupees | HDFC, SBI, Axis, ICICI Bank AMB Charges in Indian Rupees | Zero Balance Account Available In HDFC
Customers with regular savings accounts at banks are required to maintain a monthly minimum average balance (MAB). Leading lenders such as State Bank of India (SBI), HDFC Bank, ICICI Bank, and Kotak Mahindra Bank have set monthly average balance requirements based on a customer’s account location, which includes urban, metro, semi-urban, and rural locations, among other criteria. Customers who fail to meet the AMB requirements within a month must pay a penalty. The AMB Charges vary depending on the branch location.
AMB Charges by SBI, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank for failure to maintain the requisite monthly average balance (minimum balance) are detailed below:
Table of Contents
State Bank of India SBI AMB Charges
Customers having accounts in SBI’s metro and urban branches must maintain a monthly average balance of 3,000 rupees. According to the bank’s website, sbi.co.in, customers with accounts in semi-urban branches must maintain a MAB of 2,000, while those with accounts in rural locations must maintain a MAB of 1,000.
The following penalties apply if the MAB requirements are not met:
| Metro and urban branch (required MAB ₹ 3,000) | Charges |
| Shortfall <= 50% | Rs. 10 + GST |
| Shortfall > 75% | Rs. 15 + GST |
| Shortfall > 50-75% | Rs. 12 + GST |
| Semi-urban branch (required MAB ₹ 2,000) | |
| Shortfall <= 50% | Rs 7.50 + GST |
| Shortfall > 75% | Rs.12 + GST |
| Shortfall > 50-75% | Rs 10 + GST |
| Rural (required MAB ₹ 1,000) | |
| Shortfall <= 50% | Rs 5 + GST |
| Shortfall > 75% | Rs 10 + GST |
| Shortfall > 50-75% | Rs. 7.50 + GST |
HDFC Bank AMB Charges
Customers who have regular savings account with HDFC Bank in metro and urban areas must maintain a monthly average balance of 10,000 rupees. According to the bank’s website, hdfcbank.com, the monthly average required in semi-urban and rural locales is 5,000 and Rs 2,500, respectively.
Customers that do not achieve the MAB requirements within a month are subject to the following penalties:
| Details of Charges | Regular Savings Account | |
| Requirements of Minimum Average Balance | Metro / Urban branches: AMB Rs.10,000/-, | |
| Semi-Urban Branches: AMB Rs.5,000/- , | ||
| Rural Branches: AQB Rs.2,500/- or Fixed Deposit of Rupees 10,000 for at least one year one day time | ||
| Charges related to non-maintenance | Balance Non-Maintenance Charges* | |
| AMB Slabs | Metro & Urban | Semi-Urban |
| (inRs.) | AMB Requirement -Rs 10,000/- | AMB Requirement –Rs. 5,000/- |
| >=7,500 to < 10,000 | Rs. 150/- | NA |
| >=5,000 to < 7,500 | Rs. 300/- | NA |
| >=2,500 to < 5,000 | Rs. 450/- | Rs. 150/- |
| 0 to < 2,500 | Rs. 600/- | Rs. 300/- |
| * plus taxes as applicable | ||
| AMB – Average Monthly Balance | ||
| AQB Slabs (in Rs.) | Balance Non-Maintenance Charges* (per quarter) – Rural Branches | |
| >= 1000 < 2,500 | Rs. 270/- | |
| 0 – <1000 | Rs. 450/- | |
| *plus taxes as applicable | ||
| AQB – Average Quarterly Balance |
ICICI Bank AMB Charges
According to the bank’s website, icicibank.com, customers having regular savings accounts in ICICI Bank offices in metro and urban areas must maintain a MAB of 10,000.
The following are the charges for MAB non-maintenance:
| Minimum monthly average balance (MAB)* | Metro and Urban locations – Rs.10,000 |
| Semi-urban locations – Rs.5,000 | |
| Rural locations – Rs.2,000 | |
| Gramin locations – Rs.1,000 | |
| Charges for non-maintenance of minimum monthly average balance (NMMAB) | Metro/Urban/Semi-Urban/Rural locations : |
| Rs. 100 + 5% of the shortfall in required MAB | |
| Gramin locations: 5% of the shortfall in required MAB |
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Kotak Mahindra Bank AMB Charges
According to the bank’s website, kotak.com, customers with regular savings accounts in Kotak Bank offices in metro and urban areas must maintain a monthly average balance of Rupees 10,000.
The following are the charges for MAB non-maintenance:
| Particulars | Charges | |
| NMC (Non Maintenance Charges) | If AMB<=25% of required Product AMB | Rs.500 |
| If Salary upload is not sighted for 2 consecutive months and AMB not maintained | If AMB>25% <=50% of required Product AMB | Rs.400 |
| If AMB>50% <= 75% of required Product AMB | Rs.300 | |
| If AMB>75% of required Product AMB but less than product AMB | Rs.150 |
There are some accounts, where MAB rules do not apply, they are known as Zero balance savings accounts.
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Axix Bank Avrage Monthy Balance Charges
Depending on the type of account and the target audience it serves, Axis Bank savings accounts have different minimum balance requirements. The minimum balance amount varies between Rs.2, 500 and Rs.1, 000, 00.
FAQ’s
The balance that must be maintained over the course of the month is the average monthly balance. Certain banks offer savings accounts where the Average Monthly Balance can be zero.
Yes, HDFC Bank provides the facility of a zero-balance savings account.
In India, HDFC Bank – Basic Savings Bank Deposit Account does not require maintaining a minimum account balance.
No, minimum account balance varies from area to area for HDFC Bank