Minimum Balance: Your account will continue to run even with zero balance! These banks have ended the hassle of maintaining minimum balance..

Now you will not have to pay a penalty even for not maintaining a minimum balance in your bank account, because many big government banks of the country have abolished this rule. Now you can run your savings account (Zero Balance Savings Accounts) even on zero balance without fear of any penalty.

This step is especially relieving for those who come from small towns, villages, or low-income families, and for whom it is difficult to maintain a fixed amount every month.

Which accounts do not need to keep a balance?

According to the rules of the Reserve Bank of India (RBI), there is already no need for any kind of minimum balance on accounts opened under the Basic Savings Bank Deposit Account (BSBD) and Pradhan Mantri Jan Dhan Yojana (PMJDY). But now some big government banks have removed this condition on normal savings accounts as well. Let's know about these banks.

You can check here whether your bank is on this list or not. If your account is open in these banks, then you will also get rid of maintaining a minimum balance.

Minimum balance is no longer required in these banks.

1. State Bank of India (SBI)
The country's largest bank, SBI, had already started this facility in 2020. Now, there is no need to maintain any minimum balance on all its savings accounts.

2. Canara Bank
Canara Bank has removed the requirement of Average Monthly Balance (AMB) from all its savings, salary, and NRI accounts from June 2025. Earlier, every customer had to maintain a fixed amount in the account for the entire month according to their account type; otherwise, the bank used to charge a penalty. Now this will not happen. Customers can keep as much balance as they want in their accounts.

3. Indian Bank
Indian Bank has completely abolished the condition of minimum balance on all savings accounts from July 7, 2025. The bank says that its aim is to make banking more accessible and easier for the common people. This will directly benefit students, the elderly, small traders, and customers in rural areas.

4. Punjab National Bank (PNB)
PNB has completely removed the penalty for not maintaining a minimum average balance on all savings accounts from July 1, 2025. The bank says that this will especially benefit women, farmers, and low-income families. Now, these account holders will not have to worry about maintaining a balance in their accounts.

5. Bank of Baroda
Bank of Baroda has given the facility of zero balance on its normal savings account from July 1, 2025. That is, now even if there is no money in your account, the bank will not impose a penalty. However, this rule applies only to standard savings accounts, not to premium accounts.

What is the average monthly balance?

Average Monthly Balance (AMB) is the minimum amount that is required to be maintained in the account for a month. If this balance falls below the prescribed limit, the bank charges a penalty to the customer. But now, in the banks that have removed this rule, customers will not have this tension.

Who will benefit from the new rule?

These new rules will benefit the most those customers who are dependent on fixed income, such as salaried employees, the elderly, students, small shopkeepers, and those who are joining the banking system for the first time. Now they will neither have the tension of maintaining a fixed amount every month, nor the fear of penalty.

This step of the banks is part of the effort to connect more and more people to the formal banking system in India, i.e. financial inclusion. This change will provide relief to millions of people and they will be able to avail banking services without any worry.