How Much HDFC Charges for Not Maintaining Minimum Balance?

Hey Friend,

The largest bank in the nation based on market value and a private sector lender, HDFC Bank, mandates that its clients keep a specific minimum amount in their regular savings accounts in order to avoid penalty fees or charges for not maintaining minimum balance in HDFC bank. In other words, if the borrower fails to maintain a certain average monthly balance, the lender imposes specific penalty fees payable by the borrower (AMB).

According to the HDFC's website, ordinary savings accounts held in HDFC Bank's metro and urban branches must have an average monthly balance of Rs. 10,000 to avoid penalty fees. An average of Rs. 5,000 is needed in semi-urban branches. Customers of HDFC Bank must maintain an average quarterly balance (AQB) of Rs. 2,500 in rural branches in order to avoid penalty fees. This is the criteria to avoid HDFC bank charges for not maintaining minimum balance.

For insufficient balances in standard savings accounts held at HDFC Bank's metro, urban, and semi-urban branches, there is a fine of between Rs. 150 and Rs. 600 (excluding of taxes).

I would like to conclude here about the penalty fees or charges for not maintaining minimum balance in HDFC bank. I hope this helps :)

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In my journey toward finance management, I have learned the value of keeping a minimum amount in my HDFC bank account to avoid any unnecessary HDFC minimum balance charges. Like many other financial institutions, HDFC Bank has restrictions regarding the minimum balance, and failing to meet these requirements may incur fees.

How much does HDFC charges for not maintaining minimum balance?

As per my experience and the information available on the HDFC website the penalty for not maintaining minimum balance in HDFC are as follows;

Ultimately, you can avoid unforeseen HDFC minimum balance charges and ensure a smoother financial journey by being aware of the minimum balance required and actively managing your account balance in compliance with HDFC Bank's policies.

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HDFC Bank imposes a variety of maintenance fees and penalties on savings bank accounts. Although this varies from bank to bank, you must keep a minimum balance in your account each month. Additionally, there are differences between banks in terms of the interest rates on your savings, cash deposits, check clearance fees and monthly withdrawal limit. So let’s get started to know the HDFC minimum balance penalty charges.

How much penalty for minimum balance in HDFC?

1) Average Balance Minimum Requirements urban and metro branches: 

• In the case of a shortfall between 7,500 and 10,000 rupees, you would be penalised Rs. 150.

• If there is a shortfall between 5,000 and 7,500, you will be taxed Rs. 300.

• This is the HDFC bank minimum balance penalty you must know

2) Rural branches: Balance non-maintenance fees (per quarter)

• The penalty imposed for a shortfall of Rs.1000 to Rs. 2,500 is Rs.270.

• The penalty imposed for a shortfall of 0 to 1000 is Rs. 450.

• This is the HDFC bank penalty for minimum balance.

Now you know what will happen if I don’t maintain minimum balance in my HDFC account.

What is the minimum amount to be kept in HDFC account?

Following is a breakdown of the standard minimum balance that HDFC Bank requires at various bank branches:

• Metro Branch: Rs. 10,000 per month

• Branch in the Suburbs: Rs. 5,000 per month

• Branch in the City: Rs. 10,000 per month

• Rural branch: 2,500 rupees per quarter

This is all about the HDFC minimum balance penalty from my side.