Table of Contents
What are the charges for not maintaining minimum balance in HDFC?
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/- |
What is Aqb service charges in HDFC?
> Rs. 2,00,000, Rs. 5 per thousand or part thereof, subject to a minimum of Rs….Balance Non-Maintenance Charges*
| AQB Slabs (in Rs.) | Balance Non-Maintenance Charges* (per quarter) – Rural Branches |
|---|---|
| >= 1000 < 2,500 | Rs. 270/- |
| 0 – <1000 | Rs. 450/- |
What if I do not maintain minimum balance?
Most banks require their customers to maintain a minimum balance in their account. They charge their account holders for the non-maintenance of minimum average balance (MAB). If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 – every month! Source – PTI.
How is Aqb calculated?
QAB 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.
What is the minimum AQB required by HDFC Bank?
In rural branches, HDFC Bank customers are required to maintain an average quarterly balance (AQB) of ₹ 2,500 to avoid penalty charges. 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.
What happens if I don’t maintain minimum balance in HDFC Bank?
For your question if you don’t maintain minimum balance in your HDFC or any saving account in any bank, they are going to levy charges on the same. It will be on everyday basis. The amount of charge levied depends on bank to bank. you must get the update from bank on the same.
How can I Close my HDFC bank account after regularization?
If you continue to maintain the account in such a manner, the branch has the power to close your account. This can be done after giving you adequate notice and time to regularize your account. Simple they will charge you for non maintenance of balance. Which is not specific to HDFC Bank but for all other bank including SBI.
What is the hdhdfc classic banking?
HDFC classic banking is just like any other saving account but given more privilege as compared to normal saving account. A dedicated personal banker that is just a call away for your any kind of banking services. Relationship pricing on products and services.