Heavy fine will be imposed for not maintaining minimum balance in the bank, emptying the account will be heavy.

If you have a savings account in a bank, then it is important to keep in mind that there should always be some amount in the savings account, otherwise money is deducted by the banks for not maintaining the minimum balance. A minimum balance of at least Rs 3000 has to be maintained for people living in a metro or city, Rs 2,000 for people living in a semi-urban or small town and Rs 1,000 for a village bank.

What should be the minimum balance in which bank?

HDFC Bank customers have to maintain a minimum balance of at least Rs 10,000 for people living in a metro or city, Rs 5,000 for people living in a semi-urban or small town and Rs 2500 for rural banks. Kotak Mahindra Bank customers are required to maintain a minimum monthly balance of Rs 10,000.

State Bank of India customers are required to have a minimum balance of Rs 3,000 in their account if they live in a metro or city, a minimum balance of Rs 2,000 if they have an account in a semi-urban or small town, and a minimum balance of Rs 2,000 if they have an account in a village bank. It is necessary to keep Rs 1,000.