- To open a Savings Regular Account, a minimum initial deposit of Rs. 10,000 is required for urban branches, Rs. 5,000/- for Semi-urban branches and Rs. 2,500 for rural branches
- It is mandatory to maintain a minimum average monthly balance of Rs. 10,000 for urban branches, Rs.5000 for semi-urban branches, and an average quarterly balance of Rs. 2500 or a Fixed Deposit of Rs.10,000 for a minimum tenure of 1 year 1 day for rural branches
- If the required average balance is not maintained in savings account, the following non-maintenance charges will be levied:
Balance Non-Maintenance Charges* |
AMB Slabs (in Rupees) |
Metro & Urban |
Semi Urban |
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/- |
*Service Tax + Cess applicable
AMB – Average Monthly Balance
AQB Slabs (in Rupees) |
Balance Non-Maintenance Charges* (per quarter) - Rural Branches |
>= 1000 < 2,500 |
Rs. 270/- |
0 - <1000 |
Rs. 450/- |
*Service Tax + Cess applicable
AQB – Average Quarterly Balance