mab

Hi all, I need some expert guidance on an issue I am facing with HDFC Bank. I already have a Savings Max account with HDFC. I wanted to open a DigiSave Youth Savings Account (I’m eligible as per the age criteria). Here’s what happened: I tried applying online, but the application kept...

I am not sure but I found this news from various other news portals: https://www.republicworld.com/business/after-icici-bank-hdfc-bank-raises-minimum-balance-for-new-savings-account-check-latest-rates After Icici, HDFC bank has also raised MAB to 25K

ICICI savings account (From August 2025 onwards) Minimum monthly average balance (MAB): Metro and Urban locations - ₹ 50,000 Semi-urban locations - ₹ 25,000 Rural locations- ₹ 10,000 Program Eligibility & Criteria Customer enrolling into the program needs to maintain the following criteria...

Many PSBs have waived offs MABs, in this context can anyone pls suggest a few bank accounts where we can get: 1. Zero DC charges (Virtual DC or Physical DC) 2. Zero SMS alerts charges I know only BOB/SBI have these facilities or we can turn off SMS alert facilities or turn on VDC facility...

In the era of waiving off minimum balance criteria, Karnataka Bank which is one the oldest private sector banks in India, has changed their MAB requirements from August'25. Those who were availing Rs 500 MAB facilities for SBs without cheque book, now they have to bear a huge jump. New...

Recently I am seeing a new race within PSBs to waive off Minimum Balance requirements. A few banks already waived off the charges as below: 1. SBI (State Bank of India) 2. CANARA BANK 3. CBI (Central Bank of India) 4. PNB (Punjab National Bank) 5. BOB (Bank of Baroda) Excluding Premium Saving...

As Per RBI Circular: https://www.rbi.org.in/commonman/English/Scripts/Notification.aspx?Id=1500 Banks Can Charge MAB But It should be ensured that the balance in the savings account does not turn into negative balance solely on account of levy of charges for non-maintenance of minimum balance...

Which bank issue Rupay Select with no annual fees provided with MAB maintenance around 25k or below

I upgraded my account to select account on August 2024, I usually maintain 20-30k in this account, but this is the first time I received a message about maintaining average balance. Before This I never received any message & I have also checked my statement for past 1 year, I was never charged...

Hi TechnoFino Community, I'm helping a relative who isn’t very familiar with banking procedures, and I’d really appreciate your guidance. He has an old HDFC Bank savings account that’s been inactive for quite a while, and we’re trying to recover over ₹5,000 that’s been deducted as...

I want to know that can HDFC increase MAB if branch becomes urban or semi urban from rural status. Did this usually happen or it will happen after census.

Hi Everyone, I’m facing an issue with ICICI Bank regarding MAB (Minimum Average Balance) penalty deductions, and I’d appreciate any help or suggestions from the community. Here’s what happened: My account had a balance of ₹ 0.28 since December 2024, which was deducted on 7th February 2025...

Back in 2023 i used to have an axis savings account and a personal current account which i didn't used to maintain the mab on both and for the same reason they applied several months of mab charges in those accounts which eventually paid by me in full and i also closed both of them because...

Today I was searching for something on Fi money app and I found that my account type is showing regular and now I have to maintain ₹5000 rupees in my account. With few other charges like debit card and anual maintenance charges ( ₹299 + gst ) If my average monthly balance is under ₹5000 then...

My BOB Lite account was opened in Bangalore. Can I change my MAB for free card from 3000 to just 1000 if I transfer my branch to Rural area?

Axis just upgraded the burgundy eligblity criteria from 10L Quaterly Average Balance to 10L Monthly Average Balance applicable from 30th Jan 2025. Received the notification in Axis app, and SMS

Hello Community, I am looking to open a Zero MAB/ less MAB account, primarily for UPI and day to day uses. It would be great if this can be opened online. Offline opening is also fine. Which bank is best or easy to open an account? Thanks

Greetings from IDFC FIRST Bank. We are reaching out to inform you of upcoming changes to the charges associated with non-maintenance of the required Average Monthly Balance (AMB) in your Savings Account. Details of upcoming changes Non-Maintenance of AMB: Effective 1st January 2025, a fixed...

Hey Everyone Today I am sharing with you my journey of how I got HDFC Visa Platinum Debit Card on 0 MAB savings account. 3 months ago I upgraded my HDFC bank account which required 0MAB. After 3 months I got an offer to upgrade my debit card which had the option of millennia and visa platinum...

I tried to open a ICICI savings account online (10k MAB) but they said to open it at the nearest branch. I went to the branch and they said student accounts aren't available anymore and that regular savings account comes with a MAB of 25k! I already have an indusind account with 50k MAB. So I...