 "BOB, Bank of Baroda")
The state-owned lender, Bank of Baroda, announced a complete waiver on all charges for non-maintenance of the Monthly Average Balance (MAB) in its standard savings account schemes, effective 1 July 2025, the bank said in a press note.
Consequently, account holders will no longer incur penalties for MAB shortfalls.
At the same time, the bank also said that the waiver does not apply to premium savings account schemes.
Beena Vaheed, Executive Director of Bank of Baroda, said: “Removing minimum balance charges reflects Bank of Baroda’s ongoing commitment to our customers, making banking more accessible for all. It further strengthens our efforts to deliver inclusive, value-driven banking services to our customers.”
 "RBI Governor Sanjay Malhotra")
 "MSME credit target FY26, MSME loans public sector banks, PSB MSME lending growth, Finance Ministry MSME focus, India MSME sector credit, SBI MSME loan target 2025, PNB MSME lending growth, MSME credit outstanding FY25, MSME loan YTD growth 2025, GNPA")
 "IndusInd Bank")
 "Consumers seeking commercial credit from UCBs have a comparatively higher share of low-risk profile at 31 per cent in FY25 compared to public-sector banks at 24 per cent. (Photo: Shutterstock)")
 "bank, banks")
