8 banks without minimum Average Monthly Balance penalty

Images: Shutterstock [{ "selector": ".mtkii-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".cpabx-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }]

Let's take a look at eight Indian banks that no longer require customers to keep an Average Monthly Balance and their savings account interest rates.

Punjab National Bank

Savings account interest rate: 2.50%

State Bank of India

Savings account interest rate: 2.50%

Canara Bank

Savings account interest rate: 2.55%

Bank of Baroda

Savings account interest rate: 2.50%

Indian Bank

Savings account interest rate: 2.50%

Bank of India

Savings account interest rate: 2.50%

Central Bank of India

Savings account interest rate: 2.60%

Union Bank of India

Savings account interest rate: 2.50%

7 EPFO benefits you might be missing out on

Thanks for reading! See next Read Now

8 banks without minimum Average Monthly Balance penalty

july 30, 2025

Punjab National Bank

State Bank of India

Canara Bank

Bank of Baroda

Indian Bank

Bank of India

Central Bank of India

Union Bank of India

7 EPFO benefits you might be missing out on