New Delhi, July 3 -- A day after Punjab National Bank announced a similar move, Indian Bank has now said that it is waiving minimum balance requirments across Savings Bank accounts, with effect from July 7, 2025.

In a post on social media platform X (formerly Twitter), the bank's official account wrote that the decision is aimed to improving financial inclusion, accessibility and affordability for customers.

The post also had a graphic attached which declared: "Your money, your rules. No miminum balance, no penalty! 0% effective from July 7, 2025."

"Public announcement: In a significant customer-centric initiative, we are elated to announce the complete waiver of minimum balance charges across all our Savings Bank accounts, effective f...