Minimum balance requirement and charges for not maintaining QAB or MAB in Indian banks

In most of the Indian banks, if you have a bank account, you need to maintain a minimum balance amount per month or per quarter. If you fail to do so, you will be charged for not maintaining the minimum balance amount known as Quarterly Average Balance (QAB) or Monthly Average Balance (MAB).

So, what is the minimum balance amount for all the banks?

It depends completely on the bank.
Quarterly Average Balance (QAB) means minimum balance of 3 months.
Monthly Average Balance (MAB) means minimum balance of 1 month.
It is not fixed but gets revised from time to time.
The charges are divided into categories like Urban / Rural, Metro / Non-Metro etc.

Comparison of banks regarding Minimum balance amount and charges for not maintaining Quarterly Average Balance (QAB) or Monthly Average Balance (MAB):

Bank Name	Minimum Balance Amount (QAB/MAB) (₹)	CHARGES for not maintaining QAB / MAB (₹)
SBI (State Bank of India)	NIL	NIL
PNB (Punjab National Bank)	500 / 1,000 / 2,000 (QAB)	50 to 250
BOI (Bank of India)	500 / 1,000 (QAB)	100 to 200
BoM (Bank of Maharashtra)	500 / 1,000 / 2,000 (MAB)	10 to 75
Canara Bank	500 / 1,000 (MAB)	25 to 45
Indian Bank	1,000 / 2,500 (MAB)	10 to 100
Indian Overseas Bank	500 / 1,000 (QAB)	75 to 150
ICICI Bank	2,000 / 5,000 / 10,000 (MAB)	250 to 350
Axis Bank	10,000 for Urban (MAB)	5 per 100 of the shortfall + 75
HDFC Bank	2,500 / 5,000 / 10,000 (QAB/MAB)	150 to 600

Comparison of banks regarding Minimum balance amount and charges for not maintaining QAB or MAB

SBI savings account Minimum balance criteria and charges for not maintaining Quarterly Average Balance (QAB):

Monthly Average Balance: NIL

**SBI savings account Minimum balance criteria and charges for not maintaining Minimum balance**

PNB savings account Minimum balance criteria and charges for not maintaining Quarterly Average Balance (QAB):

PNB savings account Minimum balance criteria:

Area	Rural	Semi Urban	Urban & Metro
PNB Minimum QAB (Quarterly Average Balance)	Rs. 500/-	Rs. 1,000/-	Rs. 2,000/-

PNB savings account Minimum balance criteria

‘Charges per Quarter’ for Not Maintaining Quarterly Average Balance (QAB) in PNB:

Area	Rural QAB charge	Semi Urban QAB charge	Urban & Metro QAB charge
Shortfall In QAB (Quarterly Average Balance)
Up To 50%	Rs. 50/-	Rs. 100/-	Rs. 150/-
Above 50%	Rs. 100/-	Rs. 150/-	Rs. 250/-

‘Charges per Quarter’ for Not Maintaining Minimum Balance in PNB

BOB savings account Minimum balance criteria and charges for not maintaining Quarterly Average Balance (QAB):

BOB savings account Minimum balance criteria (BOB Advantage savings account):

Area	Urban / Rural	Metro / Urban
BOB Minimum QAB (Quarterly Average Balance)	Rs. 500/-	Rs. 1,000/-

BOB savings account Minimum balance criteria

‘Charges per Quarter’ for Not Maintaining Minimum Balance in BOB:

Area	Urban / Rural QAB charge	Metro / Urban QAB charge
‘Charges per Quarter’ for Not Maintaining Minimum Balance	Rs. 100/-	Rs. 200/-

‘Charges per Quarter’ for Not Maintaining Minimum Balance in BOB

BOI savings account Minimum balance criteria and charges for not maintaining Quarterly Average Balance (QAB):

BOI savings account Minimum balance criteria:

Area	Rural / Semi-Urban	Metro / Urban
BOI Minimum QAB (Quarterly Average Balance)	Rs. 500/-	Rs. 1,000/-

BOI savings account Minimum balance criteria

‘Charges per Quarter’ for not Maintaining Quarterly Average Balance (QAB) in BOI:

Area	Rural / Semi-Urban QAB charge	Metro / Urban QAB charge
Charges per Quarter	Rs. 100/-	Rs. 200/-
Slab 1	Rs. 250 to Rs. 499 : 50%	Rs. 500 to Rs. 999 : 50%
Slab 2	Rs. 100 to Rs. 249 : 80%	Rs. 250 to Rs. 499 : 80%
Slab 3	Below Rs 100 : 100%	Below Rs 250 : 100%

‘Charges per Quarter’ for Not Maintaining Minimum Balance in BOI

ICICI savings account Minimum balance criteria and charges for not maintaining Monthly Average Balance (MAB):

ICICI savings account Minimum balance criteria:

Area	Rural	Semi Urban	Metro / Urban
ICICI Minimum MAB (Monthly Average Balance)	Rs. 2,000/-	Rs. 5,000/-	Rs. 10,000/-

ICICI savings account Minimum balance MAB criteria

‘Charges per Month’ for not Maintaining Monthly Average Balance (MAB) in ICICI:

Area	Rural MAB charge	Semi Urban MAB charge	Metro / Urban MAB charge
MAB >= 50% of Minimum balance	Rs. 250/-	Rs. 250/-	Rs. 250/-
MAB < 50% of Minimum balance	Rs. 350/-	Rs. 350/-	Rs. 350/-

‘Charges per Month’ for Not Maintaining Minimum Balance in ICICI

Axis savings account Minimum balance criteria and charges for not maintaining Monthly Average Balance (MAB):

Axis savings account Minimum balance criteria:

Area	Rural	Semi Urban	Metro / Urban
Axis Minimum MAB (Monthly Average Balance)	—	—	Rs. 10,000/-

Axis savings account Minimum balance MAB criteria

‘Charges per Month’ for not Maintaining Monthly Average Balance (MAB) in Axis:

Area	Rural MAB charge	Semi Urban MAB charge	Metro / Urban MAB charge
Charges per Month	—	—	Rs. 5 per 100 of the shortfall + Rs. 75

‘Charges per Month’ for Not Maintaining Minimum Balance in Axis

HDFC savings account Minimum balance criteria and charges for not maintaining Quarterly Average Balance (QAB) and MAB:

HDFC savings account Minimum balance criteria:

Area	Rural QAB	Semi-Urban MAB	Metro / Urban MAB
HDFC Minimum MAB & QAB	Rs. 2,500/-	Rs. 5,000/-	Rs. 10,000/-

HDFC savings account Minimum balance criteria

‘Charges per Month & Quarter’ for not Maintaining MAB & QAB in HDFC:

Area	Rural QAB charge	Semi-Urban MAB charge	Metro / Urban MAB charge
Slab 1	QAB = 1000 to 2,500 : Charge – Rs. 270/-	MAB >=2,500 to < 5,000 : Charge – Rs. 150/-	MAB >=7,500 to < 10,000 : Charge – Rs. 150/-
Slab 2	QAB < 1000 : Charge – Rs. 450/-	MAB < 2,500 : Charge – Rs. 300/-	MAB >=5,000 to < 7,500 : Charge – Rs. 300/-
Slab 3			MAB >=2,500 to < 5,000 : Charge – Rs. 450/-
Slab 4			MAB < 2,500 : Charge – Rs. 600/-

Charges for Not Maintaining Minimum Balance in HDFC

BoM savings account Minimum balance criteria and charges for not maintaining Monthly Average Balance (MAB):

BOM savings account Minimum balance criteria:

Area	Rural MAB	Semi-Urban MAB	Metro / Urban MAB
BOM Minimum MAB	Rs. 500/-	Rs. 1,000/-	Rs. 2,000/-

HDFC savings account Minimum balance criteria

‘Charges per Month’ for not Maintaining MAB in BOM:

Area	Rural MAB charge	Semi-Urban MAB charge	Metro / Urban MAB charge
Slab 1	MAB >=250 to < 500: Charge – Rs. 10/-	MAB >=500 to < 1,000 : Charge – Rs. 25/-	MAB >=1,000 to < 2,000 : Charge – Rs. 38/-
Slab 2	MAB >=125 to < 250: Charge – Rs. 15/-	MAB >=250 to < 500: Charge – Rs. 38/-	MAB >=500 to < 1,000 : Charge – Rs. 56/-
Slab 3	MAB < 500 : Charge – Rs. 20/-	MAB < 500 : Charge – Rs. 50/-	MAB < 500 : Charge – Rs. 75/-

Charges for Not Maintaining Minimum Balance in BOM

Canara bank savings account Minimum balance criteria and charges for not maintaining Monthly Average Balance (MAB):

Canara Bank savings account Minimum balance criteria:

Area	Rural MAB	Metro / Urban / Semi-Urban MAB
Canara Bank Minimum MAB	Rs. 500/-	Rs. 1,000/-

Canara Bank savings account Minimum balance criteria

‘Charges per Month’ for not Maintaining MAB in Canara Bank:

Area	Rural MAB charge	Metro / Urban / Semi-Urban MAB charge
Slab 1	MAB >=499 to < 350 : Charge – Rs. 25/-	MAB >=999 to < 700 : Charge – Rs. 25/-
Slab 2	MAB >=349 to < 200 : Charge – Rs. 35/-	MAB >=699 to < 400 : Charge – Rs. 35/-
Slab 3	MAB < 199 : Charge – Rs. 45/-	MAB < 399 : Charge – Rs. 45/-

Charges for Not Maintaining Minimum Balance in HDFC

Indian bank savings account Minimum balance criteria and charges for not maintaining Monthly Average Balance (MAB):

Indian Bank savings account Minimum balance criteria:

Area	Semi-Urban / Rural MAB	Metro / Urban MAB
Indian Bank Minimum MAB	Rs. 1,000/-	Rs. 2,500/-

Indian Bank savings account Minimum balance criteria

‘Charges per Month’ for not Maintaining MAB in Indian Bank:

Amount of shortfall to average minimum balance required in Indian Bank	Service Charges per month in Rs.
76% – 100%	100
51%-75%	75
26% – 50%	50
11% -25%	25
1% – 10%	10

Charges for Not Maintaining Minimum Balance in Indian bank

Indian Overseas Bank savings account Minimum balance criteria and charges for not maintaining Quarterly Average Balance (QAB):

Indian Overseas Bank savings account Minimum balance criteria:

Area	Pensioners QAB	Semi-Urban / Rural QAB	Metro / Urban QAB
IOB Minimum QAB, with cheque Book	Rs. 250/-	Rs. 500/-	Rs. 1,000/-
IOB Minimum QAB, without cheque Book	Rs. 5/-	Rs. 100/-	Rs. 500/-

Indian Overseas savings account Minimum balance criteria

‘Charges per Quarter’ for not Maintaining QAB in Indian Overseas Bank:

Extent of Shortfall in minimum balance	Pensioners QAB charge	Semi-Urban / Rural QAB charge	Metro / Urban QAB charge
Short fall >75 %	Rs. 60/-	Rs. 105/-	Rs. 150/-
Short fall >50 -75%	Rs. 40/-	Rs. 90/-	Rs. 130/-
Short fall < 50 %	Rs. 30/-	Rs. 75/-	Rs. 110/-

Indian Overseas bank savings account Minimum balance criteria

Uco Bank savings account Minimum balance criteria and charges for not maintaining Quarterly Average Balance (QAB):

Uco Bank savings account Minimum balance criteria:

Uco bank Minimum QAB, with cheque Book:

Area	Rural QAB	Semi-Urban QAB	Urban QAB	Metro QAB
Individual	Rs. 250/-	Rs. 500/-	Rs. 1,000/-	Rs. 1,000/-
Others	Rs. 250/-	Rs. 1,000/-	Rs. 1,500/-	Rs. 1,500/-
Pensioners	Rs. 100/-	Rs. 100/-	Rs. 100/-	Rs. 250/-

Uco bank savings account Minimum balance criteria

Uco bank Minimum QAB, without cheque Book:

Area	Rural QAB	Semi-Urban QAB	Urban QAB	Metro QAB
All classes of depositors	Rs. 100/-	Rs. 250/-	Rs. 500/-	Rs. 500/-
Pensioners	Rs. 50/-	Rs. 50/-	Rs. 50/-	Rs. 50/-