HDFC Bank Minimum Balance: In a major decision set to affect millions of account holders HDFC Bank-- Indias largest private banking institution-- has hiked the minimum balance limit for savings accounts making it mandatory for account holders to maintain a minimum balance to avoid penalties in case of non-compliance. What is the new minimum balance limit for HDFC Bank savings account? As per the new rules announced by HDFC Bank account holders are now required to keep a minimum of Rs 25000 in their savings accounts failing which would invite a penalty from the bank. Earlier the HDFC Bank had a minimum balance requirement (MBR) of Rs 10000 for savings accounts. The new MBR rule came into effect from August 1 in metro cities and urban areas and affects all HDFC Bank customers who open savings accounts on or after the said date. ICICI Bank hikes MBR HDFC Banks MBR hike came day after ICICI Bank-- the countrys second-largest bank-- increased the minimum balance limit on savings accounts from Rs 10000 to Rs 50000 per month. ICICI Banks MBR hike also came into effect on August 1 and was implemented across all its branches in metro and urban regions. Notably ICICI Bank also hiked the MBR for savings accounts in its semi-urban branches from Rs 5000 to Rs 25000 per month while MBR for savings accounts in branches located in rural areas was increased from Rs 5000 to Rs 10000 per month.