What is AMB Charges in HDFC Bank?

Hello Santosh. I can share the AMB charges in HDFC Bank with you. The AMB or Average Monthly Balance charge varies across account variants and areas. Being an employee at the bank, I can tell you that the AMB charges range from Rs. 2,500 to Rs. 25,000. The charges are calculated on the basis of the closing balance you have at the end of each day for the number of days in that particular month. Let me tell you about the charges and the formula used for the calculation.

What are the AMB Charges HDFC?

Here are the charges:

Account Type	AMB Charges	Area
Regular Savings Account	Rs. 10,000	Metro and Urban Areas
Regular Savings Account	Rs. 5,000	Semi-Urban Areas
DigiSave Youth Account	Rs. 5,000	Metro and Urban Areas
DigiSave Youth Account	Rs. 2,500	Semi-Urban Areas
Savings Max Account	Rs. 25,000	-

To calculate the AMB charges, HDFC Bank uses the following formula:

Sum of closing balances for the month / Number of days in the month

You can use this formula to see the AMB for your account. This is all about the HDFC AMB charges. I hope you find this helpful.

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How much HDFC Charges for Not Maintaining Minimum Balance?

Hi buddy. I am here to help you understand about the AMB charge in HDFC Bank. AMB, or the Average Monthly Balance is the minimum amount you’ll have to maintain in your savings account. If you fail to do so, the bank will charge you a non-maintenance fee. All banks, including HDFC, follow this. The Average Monthly Balance is also known as the minimum balance, which is a more familiar term for you and me. Let me share more about AMB below.

How is AMB Calculated by HDFC Bank?

The HDFC Bank takes the sum of the closing balances for all the days in a specific month and then divides it by the total days in that month. If they find that the average is lower than the AMB, they notify you in two months that you maintain the AMB, otherwise, the non-maintenance charges would be applied. 

The charge is deducted directly from your savings account funds. Talking about the salary accounts, I would like to share that since salary accounts are zero balance accounts, the AMB charges for HDFC salary accounts are zero. 

This is all from my end. I hope this helps you to know what AMB charges HDFC means.

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Some of you must know that the AMB charges HDFC Bank refers to the fees the bank assesses to its users based on their average monthly balance. However, Animesh Srivastava has responded to the query about the HDFC AMB fees. But, he has not addressed the late charges for metro, urban, and suburban districts. I have shared the detailed AMB charges in HDFC Bank below.

What is AMB Charges HDFC Bank meaning?

As a bank employee, I can tell you the meaning of AMB charges. The average end-of-day balance that a bank account holder maintains in their account for a given period, typically a month, is known as the Average Monthly Balance, or AMB. For several types of accounts, HDFC Bank establishes a minimum AMB threshold. If the account user fails to keep this minimum balance, they are subject to AMB fees.

Let’s check out the below table to know the charges:

AMB Slabs (in Rupees)	Metro & Urban (AMB Requirement -Rs 10,000/-)	Semi Urban (AMB Requirement -Rs. 5,000/-)
More than 7,500 and less than 10,000	Rs. 150/-	NA
More than 5,000 and less than 7,500	Rs. 300/-	NA
More than 2,500 and less than 5,000	Rs. 450/-	Rs. 150/-
More than 0 and less than 2,500	Rs. 600/-	Rs. 300/-

It is important for you to know that the fees mentioned above are just standard fees. The AMB fees, which include GST, must be computed in accordance with tax rates via

HDFC AMB calculator

. I hope you understand the AMB meaning in bank.

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Every bank has a monthly minimum balance that you must keep in your accounts. The average monthly balance is this amount. AMB fees with GST are assessed to the consumer if the required balance is not maintained. This article provides an in-depth description of AMB charges HDFC.

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What do AMB charges means?

The average sum that a bank requires you to keep in your savings or current account during a given time frame, usually a month or a quarter, is known as the Average Monthly Balance (AMB recovery charges). The bank imposes AMB fees on your account if you fail to keep the AMB in your accounts. Depending on the bank, the kind of account, and the minimum balance required, it could differ. This is what AMB chrg incl GST for HDFC means.

How HDFC calculate average monthly balance?

For example, if a savings account's minimum average balance requirement is Rs. 10,000 and you really maintain a monthly average balance of Rs. 7,000, there is a Rs. 3,000 gap. Then you will be charged Rs.30 in AMB fees if the bank levies 1% of the shortfall as AMB fees. This tells you what is average monthly balance HDFC.

What is the GST tax HDFC monthly average balance?

AMB charges count as a provision of services from the bank to the consumer under the CGST statute and as such are subject to GST. All banking services are subject to an 18% GST. This indicates that the AMB costs, including GST, make up the majority of the total amount withheld by the bank for failing to maintain the average monthly balance.

This is all from my end about AMB charges HDFC.

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Hi, Do you have a savings bank account in the HDFC bank? Are you worried about the HDFC AMB charges? I am also a HDFC savings bank account holder. I am aware of their AMB charges. I'd like to provide some further information. Customers must maintain an Average Monthly Balance (AMB) in their ordinary savings accounts at most banks across the country. The sum of all end of day (EOD) closing balances divided by the number of days in the month is the Average Monthly Balance (AMB). Check out NoBroker home loan services for best home loan offers Most banks including the HDFC Bank, a private sector lender, have set a monthly average balance requirement based on a customer's account location in urban, metro, semi-urban, and rural areas, among other considerations. Customers that fail to meet the AMB's requirements are subject to penalties. Calculate EMI using the NoBroker EMI calculator. What is AMB charges in HDFC bank According to the bank's official website, hdfcbank.com, customers with regular savings accounts at HDFC Bank offices in metro and urban areas must maintain an average monthly balance of Rs 10,000. Regular savings account holders in HDFC Bank's semi-urban branches must maintain an average monthly balance of Rs 5,000. Customers having accounts at rural branches must keep an AMB of 5,000 and 2,500 rupees, respectively. You can also calculate your AMB in HDFC bank, through their, AMB calculator I hope this answer would help you with insights about the HDFC AMB charges. Read More: How To Get HDFC Bank Statement? How To Foreclose HDFC Personal Loan? How To Get Top Up Home Loan In HDFC?