HDFC Bank, India’s largest private sector lender, has officially denied reports suggesting a hike in the Average Monthly Balance (AMB) requirement for savings accounts. In a statement issued on August 14, 2025, the bank confirmed that there has been no change in the AMB across any account type.
Contrary to speculation that new customers in metro or urban branches would need to maintain an AMB of ₹25,000, the bank clarified that:
- The AMB for Regular Savings Accounts remains at ₹10,000
- The AMB for Savings Max Accounts continues to be ₹25,000
HDFC Bank offers multiple savings account variants tailored to customer profiles, with each variant carrying different AMB norms based on the value-added services provided. These account types are available across rural, semi-urban, urban, and metro branches.
In metro areas, the bank prioritizes offering the Savings Max Account to new customers due to its enhanced service features. However, this does not reflect a blanket increase in minimum balance requirements.
The clarification comes amid heightened public scrutiny following ICICI Bank’s recent decision to raise its minimum balance requirement for new savings accounts, which was later partially rolled back after customer backlash.
HDFC Bank’s reaffirmation provides reassurance to customers and reinforces its commitment to transparent banking practices.
