'No penalty on non-maintenance': Canara Bank waives minimum balance rule on all savings accounts

Sunday, 1 June 2025
Canara Bank is set to eliminate minimum balance requirements for all savings accounts starting June 1, 2025, benefiting a wide range of customers. This move, a first among major public sector banks, removes penalties for not maintaining the Average Monthly Balance (AMB) across all account types, including regular, salary, and NRI accounts.

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Canara Bank Big Update! Minimum Balance Not Required In Savings Account, Salary Account, NRI SB Account

In what will bring cheers to lakhs of Canara Bank customers, now there will be no need to maintain a minimum Average Monthly Balance in all savings accounts.
Zee News on June 2, 2025

'No penalty on non-maintenance': Canara Bank waives minimum balance rule on all savings accounts

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Canara Bank Big Update! Minimum Balance Not Required In Savings Account, Salary Account, NRI SB Account