FinanceHero / India / Banking
See balance requirements, ATM costs, transfers and card fees side by side.
Savings accounts
| Account | Average balance / shortfall fee | ATM withdrawals | Transfers | Debit card | Key caveat |
|---|---|---|---|---|---|
State Bank of IndiaSavings Bank Account | No monthly average balance required.No average-balance shortfall penalty. | Other-bank ATMs: five transactions monthly free, then INR 23 + GST per cash withdrawal. Own-bank allowance not verified. | Domestic online NEFT, RTGS and IMPS: no charge. Branch transfers have separate fees. | Available: YesIssuance: INR 0Classic/Global variant only.Annual: Classic/Global debit card: INR 200 + GST per year from year two. | No balance requirement does not mean all services are free. ATM allowances and debit-card charges apply. |
ICICI BankSavings Account (new accounts) | Monthly average: INR 15,000 metro/urban; INR 7,500 semi-urban; INR 2,500 rural.6% of the monthly average-balance shortfall, capped at INR 500 + GST; qualifying FD/programme exemptions apply. | Own ATMs: five cash withdrawals free monthly. Other banks: three in six metros or five elsewhere (five overall). Then INR 23 + GST per cash withdrawal. | Online NEFT/RTGS and outward IMPS: no charge. Branch NEFT/RTGS charged separately. | Available: YesIssuance: Not availableAnnual: INR 300 + GST per year; INR 150 + GST in Gramin locations. | Applies to new regular accounts from 1 August 2025. Older, salary, senior and basic accounts use different tariffs; exemptions have conditions. |
IDFC FIRST BankSavings Account (INR 10,000 AMB) | INR 10,000 average monthly balance.6% of the average-balance shortfall, capped at INR 500 + GST. | Not available | Not available | Available: YesIssuance: Not availableAnnual: INR 200 + GST per year from 1 January 2026. | This is the INR 10,000 average-balance variant. Shortfall penalties and annual card fees apply; no blanket zero-fee claim. |
Checked: 7 Oct 2026 · Sources: sbi.bank.in · icici.bank.in · idfcfirst.bank.in
Salary accounts
| Account | Average balance / shortfall fee | ATM withdrawals | Transfers | Debit card | Key caveat |
|---|---|---|---|---|---|
HDFC BankRegular Salary Account | No average-balance requirement while qualifying salary credits continue.No balance requirement while salary-qualified; regular savings rules apply after conversion. | Not available | Online NEFT/RTGS: no charge while salary-qualified. Other transfer charges not verified. | Available: YesIssuance: Not availableAnnual: Not verified | After three months without salary credit, converts to Regular Savings with its balance rules and fees. Benefits and card charges depend on the corporate offer. |
Checked: 7 Oct 2026 · Sources: hdfc.bank.in
Digital / zero-balance accounts
| Account | Average balance / shortfall fee | ATM withdrawals | Transfers | Debit card | Key caveat |
|---|---|---|---|---|---|
Kotak Mahindra Bank811 Full KYC (Classic) | Zero average monthly balance.No average-balance shortfall charge. | Five Kotak ATM transactions free monthly; other banks three in six metros or five elsewhere. Excess cash withdrawal: INR 23 + GST. | Domestic online NEFT, RTGS and IMPS: no charge. Branch NEFT/RTGS charged separately. | Available: YesIssuance: INR 399Optional Dream Different physical card; GST included. First virtual card free.Annual: Dream Different physical card: INR 399 yearly, GST included. Virtual card has no annual fee. | Full KYC Classic savings account only, not Lite wallet or paid Super. Zero balance does not waive physical-card, ATM or cash-service fees. |
Checked: 7 Oct 2026 · Sources: kotak.bank.in
Fees may exclude statutory charges.