After ICICI, HDFC Bank’s big decision, now you will have to keep this much minimum balance in your savings account

After ICICI Bank, now HDFC Bank has also announced a big increase in the minimum average balance limit for its savings account. This step is in line with the recently announced policies of other private banks. According to the news, the new rule is effective from August 1, 2025, under which customers opening new accounts in metro and urban branches will now be required to maintain an average balance of at least ₹ 25,000 every month, which was earlier ₹ 10,000. That is, now the minimum balance limit has been increased by two and a half times.

On which customers the new rules will not apply

According to the news of Moneycontrol, this change will apply only to those new customers who open a new account on or after August 1, 2025. At present, this new condition will not be applicable to those customers who already have a savings account in HDFC Bank, unless any new information is given by the bank. One thing to keep in mind, if the customer is unable to maintain an average balance of ₹ 25,000 every month after opening a new account, then the bank will also charge a penalty from them. For metro and urban branches, this penalty will be 6% of the total shortfall or ₹ 600 (whichever is less).

ICICI Bank increased the limit to ₹ 50,000

Recently, private sector ICICI Bank made a big change in the rules and some service charges of savings bank account. If you are opening a new savings account in the bank, you will have to keep a minimum balance of Rs 50,000 in the account, not 10,000. This rule has come into effect from 1 August 2025. This rule is only for newly opened savings accounts. Earlier the minimum average monthly balance limit in ICICI Bank was Rs 10,000. Now it has been increased to Rs 50,000. That is, now you will have to keep 5 times more balance in the savings account than before.