The minimum balance requirement for an Indian Bank savings account varies based on the type of account. Some accounts are zero balance accounts, while some accounts have a minimum requirement of INR 1,000. The minimum balance for an Indian Bank savings account with cheque facility is INR 1,000, and without cheque facility is INR 500. The maximum account balance for an Indian Bank savings account is INR 2 lakh. Non-maintenance of the average monthly minimum balance may attract charges, which differ based on the type of account.