HDFC Bank has announced a hike in the minimum balance requirement for savings accounts, similar to ICICI Bank’s recent decision.
From 1 August 2025, customers opening new savings accounts in metro and urban branches will need to maintain a minimum balance of Rs 25,000, up from the earlier Rs 10,000.
If the account balance drops below this limit, the bank will deduct charges. This rule applies only to new customers opening accounts after the given date.
Existing customers can continue with the old Rs 10,000 limit unless the bank informs them of changes.
ICICI Bank Sets Even Higher Minimum Balance
While many government banks are removing minimum balance rules, private banks are raising them.
ICICI Bank has taken a bigger step — for new savings accounts from 1 August 2025, customers in metro and urban branches must maintain Rs 50,000, which is five times the earlier Rs 10,000.
Like HDFC, ICICI’s higher limit applies only to newly opened accounts. Existing customers remain unaffected for now. Salary accounts
and BSBDA (Basic Savings Bank Deposit Accounts) are exempt, as they allow zero balance.
Revised Minimum Balance Rules (New Accounts from 1 Aug 2025)
HDFC Bank
Metro & Urban: Rs 25,000 (Earlier Rs 10,000)
ICICI Bank
Metro & Urban: Rs 50,000 (Earlier Rs 10,000)
Semi-Urban: Rs 25,000 (Earlier Rs 5,000)
Rural: Rs 10,000 (Earlier Rs 5,000)
