Balance should not be less than 10000 in account, otherwise 6 percent fine will be imposed

DBS Bank India: A new decree has come from the Development Bank of Singapore (DBS) i.e. DBS Bank India. According to this, if the average monthly balance (amb) is not maintained in the savings account, then the bank will charge a fine of 6 % on the shortfall amount.

Now it is necessary to maintain Amb

Giving information about this through its website, DBS Bank India said, “From August 1, 2025, for not maintaining the average minimum balance in the savings account, you will have to pay a fine of 6 percent or a maximum of Rs 500 on the shortfall.

DBS Bank says that it is necessary to maintain an average monthly balance of Rs 10,000 in its savings account. Shortfall here means that the amount of money less than an average monthly balance of Rs 10,000, it will be fined 6 percent. In such a situation, if you assume that your account is Rs 8,500, then it is less than 10,000 to 1,500 rupees. A penalty of 6 percent will be imposed at this 1,500 rupees. This new rule will come into effect from 1 August this year.

Separate Amb for each account

Average Monthly Balance 1000 for DBS Bank’s SB OTHERS account, Rs 5000 for Growth One Savings Account, Rs 10,000 for DBS Bank Savings Account, Rs 10,000 for Growth Savings Account, Rs 10,000 for Growth Savings Account, Laxmi Savings Youth Power Account and Rs 100 for TASC Youth Power Account Should be Rs 10,000. However, all the accounts holders will have to pay a fine of 6 percent on the shortfall for not maintaining the average monthly balance.

Charge on cash withdrawal from ATM

After the RBI guidelines, DBS Bank has decided to collect a transaction fee of Rs 23 after a free limit on cash withdrawal from any non-DBS ATM from 1 May 2025. In the notification released on 28 March 2025, RBI increased the ATM transaction fees from Rs 21 to Rs 23. The Reserve Bank said that this charge will have to be given after five free limit of ATM transaction.

Also read:

A strong deal between Adani-Ambani, why did both veterans join hands? Know what is the matter?