HDFC Bank changes rules for new savings accounts, raising the minimum balance requirement to ₹25,000. Learn how this change affects new customers.
All clients opening accounts after August 1, 2025, will be subject to this regulation. Accordingly, the consumer will now need to keep a minimum amount of Rs 25,000 each month while opening a new savings account. There will be a penalty if the account balance is less than this. The previous minimum balance was Rs 10,000.
Following ICICI Bank, HDFC Bank has now raised the minimum balance requirement for savings accounts. All clients opening accounts after August 1, 2025, will be subject to this regulation. Accordingly, the consumer will now need to keep a minimum amount of Rs 25,000 each month while opening a new HDFC Bank savings account. There will be a penalty if the account balance is less than this. The previous minimum balance was Rs 10,000.
Every major metro area and metropolitan city has adopted this new regulation. Old accounts will not be impacted, though. The minimum balance limit was previously raised by ICICI Bank from Rs 10,000 to Rs 50,000. The bank has now lowered the cap to Rs 15,000 in response to protests.
SBI: IMPS transactions exceeding Rs 25,000 will incur a fee.
SBI has made the decision to charge a fee for online transfers of more than Rs 25,000 via the Immediate Payment Service (IMPS). This modification will take effect on August 15. There will now be a cost of Rs 2 for shipping between Rs 25,000 and Rs 1 lakh, Rs 6 for sending between Rs 1 and Rs 2 lakh, and Rs 10 (plus GST) for sending between Rs 2 and Rs 5 lakh.
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