Savings Account News 2025: Now the tension of maintaining minimum balance in the bank account is over, the bank has taken a big decision

News, Digital Desk-  (Bank Account Minimum Balance) Some banks impose a penalty for not maintaining the minimum balance in the savings account, which is mandatory for the account holders. 

However, now Canara Bank has freed its customers from this worry. Canara Bank has decided to abolish the charge on minimum balance, which has given a big relief to all its savings account holders. Now they will not be obliged to maintain a minimum balance in their account.

Canara Bank has taken a big decision and abolished the requirement of minimum balance from all its savings accounts. Now bank account holders will not have to pay any penalty for not maintaining minimum balance in their account. 

This rule will apply to savings account, salary account and NRI savings account. With this step, Canara Bank has become the first big public bank in the country to provide this facility. Customers can now keep as much balance as they want without any worry, even keep zero rupees.

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Let us tell you that earlier the bank has implemented a new rule from June 1, 2025. Earlier, Canara Bank account holders were required to maintain a minimum average monthly balance in their bank account according to the location. 

For example, this amount was Rs 2000 in metro city and urban branches, while in semi-urban branches the monthly minimum amount was Rs 1000 and in rural areas the minimum amount was Rs 500. If you do not keep this amount in the account, a penalty was imposed on you by the bank. Now this will not happen.