SBI and ICICI Bank Saving Account Minimum Balance Rules 2023 : Important news for ICICI and SBI bank customers. Read the news till the end that you will also be the account holder of these banks. Banks offer their customers various facilities on the minimum balance of the savings account, but with these facilities customers also have to follow some important rules.
SBI and ICICI Bank Saving Account Minimum Balance Rules 2023
The most important thing in this is to maintain a minimum balance in the savings account. Each bank sets its minimum average balance rules. A bank can impose a fine on a person if he does not keep the minimum balance in his account.
The minimum balance is the amount that each person must keep at least in his account. The minimum balance varies from bank to bank. If you do not keep the minimum balance in your account, you may have to pay a penalty to the bank. State Bank of India and ICICI Bank, the two largest banks in the country, have set separate minimum balances for their customers. If you are also among the millions of customers of both banks, then today we are going to tell you about this rule of both banks.
Minimum Balance Rules For SBI Account Holders
State Bank of India has set minimum balance rules in its accounts by region. If your account is in an urban branch, you will have to keep a minimum of Rs 1,000 in your account. The minimum balance for account holders in rural areas is Rs 1,000. And if you are in a metro city, then this amount is fixed at Rs 3,000.
Minimum Balance Rules For ICICI Bank Account Holders
ICICI Bank’s minimum balance rules also set the minimum balance amount according to the region. If your account is in urban or Metro City then you have to maintain a minimum balance of Rs 10,000. Whereas in semi-urban areas the amount is at least Rs 5,000 and in rural areas it is at least Rs 2,500. If you do not keep the minimum balance in your account, the bank may charge you a fine according to the rules.