New Delhi: All banks require that you maintain a regular average monthly balance known as AMB into your accounts failing which a penalty is charged. Top national and private banks have their fixed AMB requirements which differs according to the customers's location which could be urban, metro, semi-urban and rural areas. State Bank of India, Punjab National Bank, HDFC bank and ICICI have their fixed requirements.
But, few banks also give you the facility to open a savings account without the minimum balance.
We have provided below the AMB that various banks require the customers to keep, so that the next time you make sure that the minimum is maintained and the bucks are saved.
State Bank of India:
Punjab National Bank: