Bhubaneswar, June 1 -- https://images.odishatv.in/uploadimage/library/16_9/16_9_0/recent_photo_1748775707.webp
In a landmark move that is set to benefit millions of account holders, Canara Bank has announced the complete waiver of the Average Monthly Balance (AMB) requirement across all types of savings bank accounts. Starting June 1, 2025, customers of the state-run banking giant will no longer be penalized for failing to maintain a minimum balance in their savings accounts.
This major step makes Canara Bank the first major public sector bank in India to offer a true zero-balance facility across the board, including regular savings accounts, salary accounts, student accounts, NRI accounts, and more.
Announcing the move on social media p...