Minimum Average Balance Archives

Minimum Balance Rule Comparison: SBI Vs ICICI Vs HDFC Vs PNB Vs Axis Vs BoB

DainikNews Live Admin7 months ago05 mins

Last Updated:August 15, 2025, 11:44 is ICICI Bank cut its minimum average balance to Rs 15,000 for urban, Rs 7,500 for semi-urban, and Rs 2,500 for rural areas after backlash. Meanwhile, Punjab National Bank and Canara Bank had announced the removal of penalty charges for not maintaining the minimum average balance in all saving accounts….

ICICI Bank Reduces Minimum Average Balance For New Savings Accounts After Backlash –Check Revised Rates In Rural, Urban Areas

DainikNews Live Admin7 months ago04 mins

New Delhi: Facing widespread outrage, private lender ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in Metro and urban areas. The revision came after a pushback from customers and days after the second-largest bank in the country raised the MAB requirement from…