List of Banks with penal charges for savings bank accounts

Reserve Bank of India’s Master Circular on Customer Service in Banks provides that the policy on penal charges to be levied for non-maintenance of minimum balance in savings bank accounts may be decided with the approval of the Board of the bank concerned. Banks levy panel charges on non-maintenance of minimum balance in savings bank account in terms of the said Master Circular.

Details of charges levied on deposit of cash in savings bank accounts at bank branches of public sector banks is given below in the table.

Bank	Charges on deposit of cash in savings bank account at bank branch
Allahabad Bank	No charges
Andhra Bank	No charges
Bank of Baroda	Home branch: no charges
Bank of Baroda	Non-home branch: For cash deposit up to Rs. 30,000 per day per account, there is no charge. Thereafter, in excess of Rs. 30,000 service charge is Rs. 2.50 per thousand or part part of
Bank of India	No charges
Bank of Maharastra	No charges
Canara Bank	No charges
Central Bank of India	No charges
Corporation Bank	No charges
Dena Bank	No charges
IDBI Bank	In metro/urban location, there is no charge up to 5 transactions per month. In semi-urban locations, there is no charge up to 7 transactions per month. In rural locations, there is no charge up to 10 transactions. Thereafter, there is a charge of Rs. 2.50 per Rs. 1000, subject to a minimum of Rs. 25 and a maximum of Rs 10,000.
Indian Bank	No charges
Indian Overseas Bank	No charges
Oriental Bank of Commerce	No charges
Punjab & Sind Bank	No charges
Punjab National Bank	No charges at home branch
	Cash deposit at all branches within same clearing centre and city (other than at home branch): There are no charges up to Rs 25,000 per day, Above Rs. 25,000, there is a charge of Rs. 1 per Rs. 1,000 or part thereof, with a minimum of Rs. 25 per transaction.
	Cash deposit at outstation non-home branches (other than same clearing centre/city): There are no charges up to Rs. 25,000 Per day. Above Rs. 25,000. there is a charge of Rs. 2 per Rs. 1,000 or part thereof, with a minimum of Rs. 25 per transaction.
State Bank of India	Up to 3 Transactions per month in branch, there is no charge, and there is a charge Rs. 50 per deposit thereafter. There is no charge for deposit at Cash Deposit Machines.
Syndicate Bank	No charges
UCO Bank	No charges
Union Bank of India	No charges at home branch. Above Rs. 50,000 per day at non-home branch Rs. 1 per thousand, subject to a minimum Rs. 10 and a maximum of Rs. 11,500
United Bank of India	No charges
Vijaya Bank	No charges