SBI New Minimum Charges from April
Written by : SMTV24x7 | Sat, Mar 31, 2018, 05:13 PM
Hyderabad, Mar 31: State Bank of India (SBI) customers will get some relief from tomorrow.
State Bank of India (SBI) will reduce its penalties for non-maintenance of average monthly balance (AMB) on savings accounts by up to 75 percent from April 1.
For semi-urban and rural centers, the charges will be reduced from Rs. 40 per month plus GST to Rs. 12 per month and Rs. 10 per month plus GST respectively from April 1, said SBI in the release.
For urban and metro customers, AMB stands at Rs. 3,000 per month. The average monthly balance requirement for semi-urban area is Rs. 2,000, while for rural centres it is Rs. 1,000.