Table of Contents
- 1 How much does HDFC charge for minimum balance?
- 2 How do you calculate AMB?
- 3 How is HDFC quarterly balance calculated?
- 4 How is minimum balance calculated?
- 5 What is the minimum balance required in hdhdfc Bank for savings account?
- 6 What is the average monthly balance of HDFC Bank in India?
- 7 What are the penalty charges in HDFC Bank for insufficient balance?
How much does HDFC charge for minimum balance?
Minimum Balance Requirements
| Balance Non-Maintenance Charges* | ||
|---|---|---|
| AMB Slabs (in Rupees) | Metro & Urban | Semi Urban |
| >=5,000 to < 7,500 | Rs. 300/- | NA |
| >=2,500 to < 5,000 | Rs. 450/- | Rs. 150/- |
| 0 to < 2,500 | Rs. 600/- | Rs. 300/- |
How do you calculate AMB?
Monthly Average Balance = Sum of closing balance for all days in a month (Day 1 + Day 2 + Day 3 +…… + Day 30) Divided by Number of Days in a month (30).
What is the meaning of AMB charges in HDFC Bank?
Average Monthly Balance
AMB – Average Monthly Balance. AQB Slabs (in Rs.) Balance Non-Maintenance Charges* (per quarter) – Rural Branches.
How is HDFC quarterly balance calculated?
- QAB is the average of the all the closing day balance of a bank account in a given quarter.
- It can be calculated by adding up all the closing day balance in a given quarter and then dividing it by the number of days in the quarter.
How is minimum balance calculated?
MAB is the average of all the closing-day balances in a given month. To calculate the MAB, you need to add each day’s end-of-the-day balance and divide it by the number of days in that month.
How is minimum balance calculated in banks?
- What is Minimum Average Balance and How is it calculated?
- Monthly Average Balance or MAB = Sum of all the closing balance in a month / Number of days in that Month.
- QAB = (Total of all the EOD closing balance)/(number of days in quarter)
What is the minimum balance required in hdhdfc Bank for savings account?
HDFC Bank requires its savings account holders to maintain a minimum average monthly balance. The amount differs for urban and metro banks and rural and semi-rural banks. For urban and metro branches, the minimum average balance is Rs.10,000.
What is the average monthly balance of HDFC Bank in India?
HDFC Bank has set an average monthly balance of ₹ 10,000 for the regular savings accounts in its metro and urban branches. In its semi-urban branches, customers are required to maintain a monthly average (AMB) of ₹ 5,000 in their regular savings accounts, according to the HDFC Bank website.
What is Amb calculator in HDFC Bank?
Average Monthly Balance (AMB) Calculator helps to calculate your average monthly balance amount to be maintained in your account. Use HDFC Bank AMB calculator to check monthly balance amount.
What are the penalty charges in HDFC Bank for insufficient balance?
Customers holding a fixed deposit of ₹ 10,000 and above for a minimum term of one year and one day are also exempt from the penalty charges, according to the HDFC Bank website. HDFC Bank charges a fee to the tune of ₹ 150-600 (excluding taxes) for insufficient balance in regular savings accounts held in its metro, urban and semi-urban branches.