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Date: With Effect From:- 07-07-2025( Monday)

Bank Account: All Indian Bank Savings Accounts

Revaluation Alert : No penal charges shall be levied for non-maintenance of Minimum Average Balance across all Savings Account schemes.


Comments: Indian Bank has taken a significant step by waiving off minimum balance charges, joining PNB, SBI, and Canara Bank in this initiative. This customer-friendly decision will provide substantial relief to low-income account holders.

Sourced from Indian bank's official X page :Source

So that's SBI, Canara, BOB, Central, Indian and PNB. 6 PSBs. My Union Bank a/c is already 0-bal (UDSA scheme).