HDFC Bank’s big decision, saving account will have to be kept in such a minimum average balance
After ICICI Bank, now HDFC Bank has also announced a huge increase in the minimum average balance limit for its savings account. This step is in accordance with the recently declared policies of the rest of the private banks. According to the news, the new rule is effective from 1 August 2025, under which customers opening new accounts in metro and urban branches will now be mandatory to maintain an average balance of at least ₹ 25,000 every month, which was earlier ₹ 10,000. That is, now the limit of minimum balance has been increased by two and a half times.
New rules will not be applicable to which customers
According to Moneycontrol news, this change will only apply to new customers who open a new account on 1 August 2025 or after. Currently, this new condition will not apply to the customers who already have a savings account in HDFC Bank, unless any new information is given by the bank. One thing to note, if the customer is unable to keep an average balance of ₹ 25,000 every month after opening a new account, then the bank penalty will also be collected from them. This fine for metro and urban branches will be 6% or ₹ 600 (whichever is less) of total shortfall.
ICICI Bank increased the limit ₹ 50,000
Recently, ICICI Bank of Private Sector made a big change in the rules and some service charges of Saving Bank Account. If you are opening a new savings account in the bank, not Rs 10,000 but Rs 50,000 will have to be kept in the minimum balance account. These rules have come into force from 1 August 2025. This rule is only for new open savings accounts. The first minimum average monthly balance limit at ICICI Bank was Rs 10,000. Now it has been increased to Rs 50,000. That is, now you have to keep 5 times more balance in a savings account.
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