Balance is the average balance that individuals are required to maintain in their savings or current account in a calendar ...

SBI has eliminated the average monthly balance that it had been charging since 2020. The savings account will no longer be charged even if the minimum balance requirements are not fulfilled.

Several major Indian banks, including PNB, Bank of Baroda, Indian Bank, and Canara Bank, have eliminated the requirement to maintain an Average Monthly Balance (AMB) in many or all savings accounts.

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Paytm introduces new feature to view total balance across UPI-linked bank accounts, simplifying financial management for users.

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The new feature announced by Paytm allows users to check their bank balance across UPI-linked accounts in real-time.

New Delhi: Good news for bank customers! Several major public sector banks in India have scrapped the requirement to maintain an Average Monthly Balance (AMB) in savings accounts. This move comes as a ...