Many Americans carry a balance on their credit cards. In the first quarter of 2025, U.S. consumers' credit card balances totaled $1.18 trillion, according to the Federal Reserve Bank of New York.

Canara Bank removes minimum balance charges for all Savings Bank accounts, providing financial relief to customers starting June 1, 2025.

New Delhi: In a customer-friendly move, the Canara Bank on Sunday officially scrapped the penalty for not maintaining a minimum balance in savings accounts starting June 1. With this decision ...

Canara Bank waives minimum balance requirements — Here's what SBI, HDFC, Axis Bank, among others mandate Canara Bank announced that it has waived the average monthly balance (AMB) requirement ...

Several big banks had planned to impose the new minimum balance requirement, in accordance with updated Central Bank regulations.

Bengaluru: Bengaluru-based public sector lender Canara Bank announced on Saturday the complete waiver of charges for non-maintenance of minimum balance for all saving bank (SB) account types. This ...

Sharing a post on X, the bank said, "Feel the freedom, bank the difference. Starting 1st June 2025, Canara Bank offers no penalty on non-maintenance of minimum balance.

Canara Bank has announced the complete waiver of the Average Monthly Balance (AMB) requirement across all savings bank (SB) account types, which includes savings accounts, salary accounts and NRI ...

Canara Bank abolishes minimum balance requirement for all savings accounts from June 1 The new policy comes into effect from June 1, 2025, and applies to all categories of savings bank accounts ...

In a major relief for savings account holders, public sector Canara Bank has waived the average monthly balance (AMB) requirement across all its savings bank accounts. With this move, the bank ...

Canara Bank has announced a waiver of the Average Monthly Balance (AMB) requirement across all savings accounts, effective June 1, 2025.