Customers with savings accounts in rural branches are required to maintain a minimum balance Rs. 2,000, according to its website, pnbindia.in. Branch typeĬustomers having a regular savings bank account in Punjab National Bank (PNB) branches located in metro, urban, semi-urban areas are required to maintain a minimum quarterly average balance of Rs. Customers with SBI accounts in semi-urban and rural branches are required to maintain a minimum average balance of Rs. 3,000, according to the bank's website, sbi.co.in. Here's a comparison of the average monthly balance requirement in SBI, PNB, HDFC Bank and ICICI Bank: State Bank of IndiaĬustomers having a regular savings bank account in SBI branches located in metro and urban areas are required to maintain a monthly average balance of Rs. Banks also charge a penalty from the customers failing to maintain the required average monthly balance in their savings bank accounts. The average monthly balance requirements depend on the location of a customer's account in urban, metro, semi-urban and rural areas. From public sector lenders like State Bank of India (SBI) and Punjab National Bank (PNB) to their private sector peers HDFC Bank and ICICI Bank, most banks have fixed their own average monthly balance requirements. Banks today require their savings account customers to maintain a certain average monthly balance (AMB).
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