New Delhi, Aug. 12 -- After ICICI Bank increased the minimum average monthly balance (AMB) requirements for savings accounts steeply from August 1, there is a renewed focus on the fee banks charge for not maintaining the required amount in these accounts.
The move comes close on the heels of leading public sector banks, including State Bank of India (SBI), Indian Bank, Canara Bank, and Punjab National Bank, announcing that they will not charge customers for not maintaining a minimum balance in their savings accounts.
While private sector banks have not been as generous as their public sector peers, some of them do offer 'zero balance' savings accounts. Here is a primer on minimum AMB requirements, fee charged by private banks for non-co...
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