In a move welcomed by millions of customers, two leading public sector banks— Indian Bank and Punjab National Bank (PNB) —have officially removed minimum balance charges for their savings account holders. A graphic in the post reads, “Your money, your rules. No minimum balance, no penalty. 0% effective July 7, 2025.” “Public Announcement: In an important customer-focused initiative we are happy to announce complete waiver of minimum balance charges across all our savings bank accounts, effective July 7, 2025,” the bank wrote. Indian Bank has announced complete waiver of minimum balance charges across all savings bank accounts effective July 7. Effective July 1, Punjab National Bank, too, has decided to... After PNB, Indian Bank to waive minimum balance charges for all savings accounts from July 7. In a move aimed at enhancing financial inclusion and making banking more accessible,...
