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'No penalty on non-maintenance': Canara Bank waives minimum balance rule on all savings accounts

NEW DELHI: Canara Bank has announced that it will no longer require savings account holders to maintain a minimum balance, in a big relief for customers. Starting June 1, 2025, all types of savings ...
Hosted on MSN

Canara Bank: No Penalty For Not Maintaining Minimum Balance In Savings Accounts

New Delhi: In a customer-friendly move, the Canara Bank on Sunday officially scrapped the penalty for not maintaining a minimum balance in savings accounts starting June 1. With this decision, ...
Deccan Herald

Minimum Balance Requirements in Banks: ICICI, HDFC, SBI, Canara and others

ICICI Bank initially raised its minimum monthly balance to Rs 50,000 in metro/urban areas, sparking heavy criticism. The bank later reduced it to Rs 15,000. As ICICI Bank revises its minimum balance ...
Mint

Minimum monthly balance rule in private banks: How much to maintain in HDFC, ICICI, Axis and other savings accounts

After ICICI Bank increased the minimum average monthly balance (AMB) requirements for savings accounts steeply from August 1, there is a renewed focus on the fee banks charge for not maintaining the ...