In 2025, savings account policies have diverged sharply among India’s major banks. State Bank of India (SBI) remains user-friendly—completely waiving minimum balance requirements across all savings accounts, upholding its longstanding zero-penalty stance initiated in 2020.
HDFC Bank continues to enforce a tiered structure, requiring average monthly balances of ₹10,000 in urban/metro areas, ₹5,000 in semi-urban, and ₹2,500 in rural branches.
Earlier this month, ICICI Bank attempted a dramatic overhaul—raising its new account minimum average balance (MAB) to ₹50,000 in metro/urban areas, ₹25,000 in semi-urban, and ₹10,000 in rural zones, effective August 1. This sparked widespread social media backlash over financial accessibility.
Responding swiftly, ICICI rolled back the hike—lowering MAB to ₹15,000 (metro/urban), ₹7,500 (semi-urban), ₹2,500 (rural) for new accounts.
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