Hello TFians,
All PSU banks have raised circulars that no non-maintenance charges will be applied on not maintaining AMB/AQB.
Banks:
PNB
Canara
Central Bank of India
SBI (was zero balance earlier too)
Bank of India
Indian bank
BOB
Will post announcement images soon
Currently I have PNB Elite Savings account and maintaining 50 k in this account.
Heard the news about PNB removing AMB criteria in savings accounts. So I dont need to maintain 50 k anymore? Any other problems if I don't maintain this amount?
Please help with my query.
Canara Bank, on Saturday, announced a complete waiver of charges for non-maintenance of minimum balance in all savings bank accounts, the bank said in a press release.
Effective June 1, customers are no longer have to pay a penalty for not maintaining minimum balance requirements in their...