By Admin 
Bank wave off average minimum balance charges: The problem of many people is often that if there is no money in the account, the average minimum balance charge is deducted by the bank. But now there is no need to worry about the customers of Savings Accounts. Six big banks, including SBI, have recently abolished the charge incurred in the form of average monthly balance. That is, if your account remains empty, then no charge will be deducted from the bank. Let us know that the banks have now finished the minimum balance charge-
1-Bank of Baroda
The Bank of Baroda has abolished the charcha to not fulfill the terms of minimum balance on all standard savings accounts from 1 July 2025. However, this charge has not been finished on premium savings account schemes.
2-Indian Bank
Indian Bank has also announced to completely eliminate the minimum balance charge on its own. The average minimum balance charge has ended since 7 July 2025 on all types of savings accounts.
3-kenra bank
In the month of May this year, Canara Bank has abolished the minimum balance charge levied on the savings account in all ways, including the regular savings account. These include salary and NRI savings account.
4-PNB
Punjab National Bank has also given relief to its customers and has abolished the minimum average balance charge on all types of savings accounts.
5-State Bank of India
The State Bank of India, who has been charging average minimum balance since 2020, has also ended it now. That is, no charge will be charged even if the terms of minimum balance are not met on the savings account.
6- Bank of Baroda
Bank of Baroda has also decided not to take any charge from the bank customers for not fulfilling the terms of minimum balance. According to the press release of Bank of India, these changes have been made with the aim of increasing the changed conditions and financial flexibility of the market.
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