SBI Reduces Non-maintenance Charges: State Bank of India (SBI) has made reduction in its charges for not maintaining minimum balance in accounts. The bank reduced it to 75%. The new rule will be applicable from April 1, 2018.
SBI reduced Non-maintenance Charges details:
For Urban and Metro Areas: In metro and urban areas non-maintenance of AMB for SBI customers is reduced from maximum of Rs. 50 per month plus goods and services tax (GST), to Rs. 15 per month plus GST. This move is going to benefit approx 25 crore bank customers.
For Semi-urban and rural centres: SBI has reduced its charges for not keeping minimum balance in saving accounts from earlier Rs. 40 per month plus GST to Rs. 12 and Rs. 10 per month plus GST.
State bank Of India
State Bank of India is country’s largest public sector bank or financial body which is governed by Government of India. Headquartered in Mumbai. SBI is also among top 50 largest banks of world.
Founded on: 2 June 1806
Current Name was given on : 1 July, 1955
Nationalised on: 2 June 1956