Standard Chartered Bank Minimum Balance: Account-Wise Requirements

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Minimum balance is the amount Standard Chartered Bank asks you to maintain in your account, and this changes significantly depending on which specific account you hold.

According to Standard Chartered's Model Policy on Bank Deposits:

• Minimum balances apply to both Savings Bank Accounts and Current Deposit Accounts.
• Failure to maintain the required minimum attracts charges specified by the bank.
• Every detail, including the schedule of charges, is disclosed at account opening.

What is the Minimum Balance for the Prime Savings Account?

₹2,00,000 is the Monthly Average Balance required to be maintained on an individual Prime Savings Account.

What is the Minimum Balance for the SuperValue Savings Account?

₹50,000 is the minimum balance confirmed both on Standard Chartered's dedicated SuperValue terms page and its Family Banking page.

What is the Minimum Balance for the aXcessPlus Savings Account?

₹25,000 is the individual Monthly Average Balance requirement for this account variant.

The aXcessPlus Savings Account can also be linked under either the Prime or SuperValue Family Banking structure, letting you combine it with other accounts to bring down your overall required balance at the family level.

Which Standard Chartered Accounts Require Zero Minimum Balance?

The Basic Savings Bank Deposit Account and the Aasan Savings Account both carry no minimum balance requirement at all.

How Does Family Banking Lower Your Combined Minimum Balance?

Family Banking lets you link up to 4 accounts under 1 household and maintain a lower Combined Family MAB instead of each account meeting its individual requirement separately.

• A family is defined as an individual, spouse, parents, siblings, and kids.
• You can link a minimum of 2 and a maximum of 4 accounts under 1 household.
• The Prime Family Banking Savings Account requires a Combined Family MAB of ₹2,50,000, even though 2 individual Prime accounts alone would otherwise total ₹4,00,000 or more.
• The SuperValue Family Banking Savings Account requires a Combined Family MAB of just ₹80,000, well below what 4 individual accounts would separately require.
• The Combined Family MAB can be maintained in any 1 or more of the linked accounts, giving you flexibility in how you distribute your balance.

What Minimum Balance Applies to Priority Banking?

₹5,00,000 is the minimum monthly average balance across savings accounts, term deposits, and investments needed to avoid Priority Banking program maintenance charges.

• Falling short of this ₹5,00,000 threshold triggers a monthly fee of 0.5% of the shortfall in Funds Under Management, capped at ₹1,250 plus GST.
• Funds Under Management combines Savings Accounts, Term Deposits, and Investments made through the bank.

• If 1 family member meets the qualification criteria, other family members can also access Priority benefits.

   

Account-Wise Minimum Balance Requirements at a Glance

The table below summarises every account type's individual and combined family requirements in one view:

Choosing the right account, or linking accounts under Family Banking, can bring this requirement down significantly for households with multiple relationships at the bank. 

What Happens When a Family Links Their Accounts?

Take a household with 2 SuperValue Savings Accounts and 2 aXcessPlus Savings Accounts. Held separately, this would total ₹1,50,000 in required balances: ₹50,000 plus ₹50,000 plus ₹25,000 plus ₹25,000, according to the individual MAB figures on Standard Chartered's Family Banking page. 

Once linked under SuperValue Family Banking, though, the same household only needs to maintain a Combined Family MAB of ₹80,000, spread across any of the 4 accounts, however they choose. 

Conclusion

Standard Chartered Bank's minimum balance requirement ranges widely, from zero on the Basic Savings Bank Deposit Account and Aasan Savings Account, to ₹25,000 on aXcessPlus, ₹50,000 on SuperValue, and ₹2,00,000 on Prime, with Priority Banking requiring ₹5,00,000 to avoid program fees. Family Banking offers a way to lower this burden, bringing the combined requirement down to ₹80,000 for SuperValue households or ₹2,50,000 for Prime households. Confirming your specific account's current requirement directly through Standard Chartered's official pages remains the most reliable way to avoid an unexpected charge.

FAQs

What is the minimum balance requirement for the Standard Chartered Bank Prime Savings Account?
The minimum balance requirement for the Prime Savings account is ₹2,00,000 individually, or ₹2,50,000 as a Combined Family MAB if linked under Family Banking.

What is the minimum balance requirement for the Standard Chartered Bank SuperValue Savings Account?
The minimum balance requirement for the SuperValue Savings account is ₹50,000 individually, or ₹80,000 as a Combined Family MAB if linked under Family Banking.

What is the minimum balance for the Standard Chartered Bank aXcessPlus Savings Account?
The minimum balance for the aXcessPlus Savings Account is ₹25,000, and it can also be linked under Prime or SuperValue Family Banking.

Does Standard Chartered offer a zero balance account?
Yes, both the Basic Savings Bank Deposit Account and the Aasan Savings Account carry no minimum balance requirement.

How many accounts can be linked under Standard Chartered Bank Family Banking?
A minimum of 2 and a maximum of 4 accounts, under a household defined as an individual, spouse, parents, siblings, and kids under family banking.

What minimum balance do Priority Banking clients need to avoid fees in Standard Chartered Bank?
₹5,00,000 in combined savings accounts, term deposits, and investments is the minimum balance for Priority Banking clients to avoid fees.

What happens if the Combined Family MAB isn't maintained in Standard Chartered Bank?
Non-maintenance charges get debited from the Primary account first, and from other linked accounts if that one lacks sufficient balance.

Can I remove the Family Banking linkage later without closing my accounts in Standard Chartered Bank?
Yes, the household linkage can be removed, and each account reverts to its individual MAB requirement.

Can I upgrade a Family Banking account to a higher tier later in Standard Chartered Bank?
Yes, it can be upgraded to Standard Chartered's Premium Banking or Priority Banking proposition based on your requirement.

Where can I find the minimum balance requirement for my specific account in Standard Chartered Bank?
You can check the minimum balance requirement through Standard Chartered's official Family Banking, SuperValue, or Priority Banking pages, or by confirming with the bank at account opening.