IDBI Bank Limited · statement narration
MIN BAL CHG
MIN BAL CHG on your IDBI Bank Limited statement — A penalty for not keeping the required average balance in your account for the month or quarter. The amount depends on the account and channel; every rate is below.
Also printed as
AMB CHRG, AMB CHRG INCL GST, NMC CHG, MAB CHARGES, MIN BALANCE CHARGES, AVG BAL CHG, NON MAINTENANCE CHG.
Hinglish mein
Account mein zaroori average balance na rakhne par lagne wala penalty charge.
What it costs, including GST
Advantage Savings Account · General
6% of shortfall, max ₹600.00
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Advantage Savings Account; Metro/Urban branch category. Required MAB: Rs 10,000. Charge is 6% per month of MAB shortfall, maximum Rs600.
Advantage Savings Account · General
6% of shortfall, max ₹150.00
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Advantage Savings Account; Rural branch category (excluding the separately listed Rural-FI category). Required MAB: Rs 2,500. Charge is 6% per month of MAB shortfall, maximum Rs150.
Advantage Savings Account · General
6% of shortfall, max ₹300.00
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Advantage Savings Account; Semi-Urban branch category. Required MAB: Rs 5,000. Charge is 6% per month of MAB shortfall, maximum Rs300.
Why it happened
Your average balance fell below the level your account type requires for the period.
How to avoid it
Keep the average balance above the required level, or switch to a zero-balance account variant. Many banks exempt salary, basic savings and senior citizen accounts.