According to HDFC Bank, the minimum balance should be maintained by its customer in their regular savings accounts. If any customer for regular saving account fails to meet the average monthly balance (AMB) will requirements leads to penalty charges payable by customer mention on HDFC Bank website. In metro and urban regions’ branches, the 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. Similarly for semi-urban branches, customer should require to maintain an average of Rs 5000.

HDFC Bank’s maintain balance for its regular savings accounts:

For regular savings accounts in HDFC Bank in metro and urban branches set an average monthly balance of Rs 10,000. In semi-urban branches, customers are required to maintain a monthly average balance (AMB) of Rs 5,000 in their regular savings accounts, mention in HDFC Bank website. In rural branches, HDFC Bank customers are required to maintain an average quarterly balance (AQB) of Rs 2,500 to avoid penalty charges. According to the HDFC Bank website, 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. HDFC Bank charges a fee to the tune of Rs 150-600 not included taxes for insufficient balance in regular savings accounts held in its metro, urban and semi-urban branches.

Read EquityPandit’s HDFC Bank Outlook for the Week