HDFC Bank gave a big update, no change in minimum balance rules

Minimum Balance: HDFC Bank has clarified that there has been no change in the minimum balance (AMB) rules of the savings account. The AMB of a regular savings account is Rs 10,000, and the AMB of a Savings Max account is Rs 25,000. The bank dismissed the rumors spread on social media and advised customers not to worry.

Minimum Balance: After the Monthly Average Balance (MAB) controversy of ICICI Bank, HDFC Bank has issued an important clarification for its customers. The bank has clarified that it has not made any changes in the minimum balance (AMB) rules of any of its types of savings accounts.

Relief news for customers

HDFC Bank said that it offers various types of savings accounts according to the profile of the customers and each account requires different AMB. At present, this rule has not been changed for any account. According to the bank, the AMB of a regular savings account is Rs 10,000 and the AMB of a Savings Max account is Rs 25,000.

False news spread on social media

Recently, some posts on social media claimed that HDFC Bank has also changed the minimum balance rules like ICICI Bank. To put an end to these rumors, the bank issued an official statement and said that customers need not worry.

ICICI Bank's MAB controversy

India's second largest private sector bank ICICI Bank recently increased the MAB for new savings accounts. It was increased to Rs 50,000 in metro and urban branches, Rs 25,000 in semi-urban and Rs 10,000 in rural branches. After the sharp reaction of the customers, the bank changed the rules and made it Rs 15,000 in metro and urban, Rs 7,500 in semi-urban and Rs 2,500 in rural. ICICI Bank said that the new MAB implemented from August 1, 2025 has been changed based on the feedback of the customers, so that it is according to their expectations.

Minimum balance and RBI's stance

The minimum balance is based on the simple average of the account holder's balance at the end of the month. If the minimum balance is not maintained, the bank charges a penalty. The Reserve Bank of India (RBI) has clarified that each bank is free to decide its MAB. RBI Governor Sanjay Malhotra said that this decision depends entirely on the bank and RBI does not set any limit for it.

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