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STATE BANK OF INDIA REDUCED THE CHARGES ON NON-MAINTENANCE AVERAGE MONTHLY BALANCE IN SAVINGS ACCOUNTS

ECOPACKINDIA 1 March 13, 2018March 13, 2018 1 Minute

The State Bank of India on Tuesday reduced its charges on non-maintenance of an average monthly balance (AMB) in savings accounts from April 1.

The charges for non-maintenance of AMB (Average Monthly Balance) for customers in metro and urban centres have been reduced from a maximum of ₹50 per month plus goods and services tax (GST), to ₹15 per month plus GST.

This will benefit 25 crore bank customers.

For semi-urban and rural centres, the charges have been reduced from ₹40 per month plus GST to ₹12 and ₹10 per month plus GST, respectively.

 

SBI also offers its customers to shift from a regular savings bank account to basic savings bank deposit account (BSBD) on which no charges are levied.

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  • Tagged
  • Average Monthly savings account balance
  • For semi-urban and rural centres
  • sbi
  • SBI also offers its customers to shift from a regular savings bank account to basic savings bank deposit account (BSBD) on which no charges are levied.
  • State Bank of India
  • The charges for non-maintenance of AMB (Average Monthly Balance) for customers in metro and urban centres have been reduced from a maximum of ₹50 per month plus goods and services tax (GST)
  • the charges have been reduced from ₹40 per month plus GST to ₹12 and ₹10 per month plus GST
Published March 13, 2018March 13, 2018

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