class="post-template-default single single-post postid-53474 single-format-standard wp-embed-responsive post-image-above-header post-image-aligned-center sticky-menu-fade right-sidebar nav-below-header separate-containers header-aligned-left dropdown-hover" itemtype="https://schema.org/Blog" itemscope>

4 public sector banks of the country removed the minimum balance rule on savings account, finish penalty – Indian Bank SBI PUNB NATIAB NATIONAL BANK Canera Bank Abolish MINMUMUM Balance Rules for Saving Account Check Penalty Rule

by

The country’s 4 public sector banks have abolished the rule of maintaining minimum balance in a savings account.

Are you often worried about maintaining a minimum balance in a bank account? Now there is news of relief for you.

Many big public sector banks have given great relief to their customers and finished the charge for not having minimum balance in a savings account.

Now those who keep a savings account in Indian Bank will not need to maintain any minimum amount in the account.

Now those who keep a savings account in Indian Bank will not need to maintain any minimum amount in the account.

SBI (State Bank of India) had already abolished the need for minimum balance in 2020.

Since then, SBI’s savings account holders do not have to give any penalty if their balance is reduced.

In May 2025, Canara Bank decided that now all its savings accounts like regular, salary and NRI accounts will not be required to have a minimum balance.

Punjab National Bank (PNB) has also recently announced that if its customers do not have a minimum average balance (MAB), no penalty will be taken from them.

In the first PNB, this penalty was planted according to that deficiency. That is, the more the balance was less, the more charged it was.

Story Continues Below Advertisement

This will provide great relief to millions of customers, especially students, senior citizens and people of small towns for whom it was difficult to maintain balance every month.

Leave a Comment