Bandhan Bank Minimum Balance: Rules and Charges
Bandhan Bank Minimum Balance: Rules and Charges
Bandhan Bank requires savings account holders to maintain a minimum average balance that varies by account type and location. Failing to maintain this balance results in non-maintenance charges being deducted from your account.
Minimum Balance Requirements
- Regular Savings Account (Urban): Rs. 5,000 monthly average balance
- Regular Savings Account (Semi-urban/Rural): Rs. 1,000 to Rs. 2,000 monthly average balance
- Pradhan Mantri Jan Dhan Yojana (PMJDY) Account: No minimum balance
- Basic Savings Bank Deposit Account: No minimum balance required
Always verify the latest requirements on the official Bandhan Bank website or your account opening documents, as these are subject to revision.
Non-Maintenance Charges
If your balance falls below the required minimum, Bandhan Bank deducts a penalty at the end of the month. The charge depends on the shortfall amount and your account variant.
- Charges are a percentage of the shortfall or a flat fee, depending on the account type.
- GST is applied on top of the non-maintenance fee.
How to Avoid Minimum Balance Fees
- Track your balance via mBandhan and set low-balance alerts.
- Transfer funds before the month end if balance is low.
- Consider switching to a zero-balance account if you cannot maintain the QAB.
- Link a sweep-in FD to your savings account where applicable.
FAQ
What is the minimum balance for Bandhan Bank savings account?
For urban accounts, the minimum average balance is typically Rs. 5,000 per month. Rural and semi-urban accounts require Rs. 1,000 to Rs. 2,000. PMJDY and BSBD accounts have no minimum balance.
What happens if I do not maintain minimum balance at Bandhan Bank?
Bandhan Bank deducts a non-maintenance charge at month end. If repeated, these deductions can significantly reduce your account balance over time.
Does Bandhan Bank have a zero-balance account?
Yes. The PMJDY account and Basic Savings Bank Deposit (BSBD) account have no minimum balance requirement. They come with some transaction restrictions per RBI guidelines.
Key Takeaways
- Urban savings accounts need Rs. 5,000 average monthly balance.
- Rural and semi-urban accounts need Rs. 1,000 to Rs. 2,000.
- Non-maintenance charges apply at month end with GST added.
- Zero-balance options: PMJDY and BSBD accounts.
- Use mBandhan alerts to monitor and maintain your balance.
