This rule will be applicable to all customers opening accounts after August 1, 2025. Under this, now on opening a new savings account, the customer will have to maintain a monthly minimum balance of Rs 25,000. If the amount in the account is less than this, a penalty will be imposed. Earlier the minimum balance limit was Rs 10,000.
After ICICI Bank, now HDFC Bank has also increased the limit for maintaining minimum balance in savings account. This rule will be applicable to all customers opening accounts after August 1, 2025. Under this, now on opening a new savings account, the customer will have to maintain a monthly minimum balance of Rs 25,000. If the amount in the account is less than this, a penalty will be imposed. Earlier the minimum balance limit was Rs 10,000.
This new rule has been implemented in all major metros and urban cities. However, it will not affect old accounts. Earlier, ICICI Bank had increased the minimum balance limit from Rs 10,000 to Rs 50,000. After protests, the bank has now reduced the limit to Rs 15,000.
SBI: Fee will be levied on IMPS transactions of more than Rs 25,000
SBI has decided to levy a fee on sending amounts more than Rs 25,000 online through Immediate Payment Service (IMPS). This change will be effective from August 15. Now, a fee of Rs 2 will be levied for sending Rs 25,000 to Rs 1 lakh, Rs 6 for sending Rs 1 to 2 lakh and Rs 10 (GST extra) for sending Rs 2 to 5 lakh.
