INSUBCONTINENT EXCLUSIVE:
HDFC Bank requires its customer to maintain a certain minimum balance in order to avoid penalty chargesHDFC Bank requires its customers to
maintain a certain minimum balance in their regular savings accounts
Failure to meet the average monthly balance or AMB requirements leads to penalty charges payable by the customer
For regular savings accounts held in HDFC Bank's branches located in metros and urban regions, customers are required to maintain an
average monthly balance of Rs 10,000 to avoid penalty charges, according to the lender's website - hdfcbank.com
In semi-urban branches, HDFC Bank requires its customers to maintain an average of Rs 5,000.Minimum Balance In Metro/Urban BranchesHDFC Bank
has set an average monthly balance of Rs 10,000 for the regular savings accounts in its metro and urban branches.Minimum Balance In
Semi-Urban BranchesIn its semi-urban branches, customers are required to maintain a monthly average (AMB) of Rs 5,000 in their regular
savings accounts, according to the HDFC Bank website.Minimum Balance In Rural BranchesIn rural branches, HDFC Bank customers are required to
maintain an average quarterly balance (AQB) of Rs 2,500 to avoid penalty charges
Customers holding a fixed deposit of Rs 10,000 and above for a minimum term of one year and one day are also exempt from the penalty
charges, according to the HDFC Bank website.HDFC Bank Charges For Insufficient Balance In Savings AccountMetro, Urban And Semi-Urban
BranchesAverage Monthly Balance (AMB)Charges (excluding taxes)Metro - UrbanSemi Urbangt;=7,500 to < 10,000Rs
150/-NAgt;=5,000 to < 7,500Rs
300/-NAgt;=2,500 to < 5,000Rs
300/-Rural BranchesAverage Monthly Balance (AMB)Charges (excluding taxes)gt;= 1000 < 2,500Rs
