INSUBCONTINENT EXCLUSIVE:
such as the location of bank branch and the degree of shortfall, meaning how far the actual bank balance is from the required average.State
Bank of India (SBI)Customers with a regular savings account in SBI branches located in metro and urban areas are required to maintain a
respectively.Customers failing to meet the MAB requirements have to bear the following penalty charges:Metro and urban branch (required MAB
Rs 3,000)ChargesShortfall 50-75%Rs
12 + GSTShortfall > 75%Rs
7.50 + GSTShortfall > 75%Rs 10 + GST(As mentioned on SBI's official website)HDFC BankCustomers with a regular savings account in HDFC
penalty charges:Description of ChargesRegular Savings AccountMinimum Average Balance RequirementsMetro / Urban branches: AMB
Rs.10,000/-,Semi-Urban Branches: AMB Rs.5,000/- ,Rural Branches: AQB Rs.2,500/- or Fixed Deposit of Rs
5,000/-gt;=7,500 to < 10,000Rs
150/-NAgt;=5,000 to < 7,500Rs
300/-NAgt;=2,500 to < 5,000Rs
Branchesgt;= 1000 < 2,500Rs
