SBI start to penalise their customer for keeping low balance in account : #cGKu Latest one news update
1. Customer in metro cities has to maintain a minimum balance of Rs 5,000.
2.The customers in urban areas must maintain a minimum balance of Rs 3000,
3.Customers in semi-urban and rural areas will have to maintain a minimum balance of Rs 2,000 and Rs 1,000, respectively.
4. A penalty of up to Rs 100 plus service tax will be charged if the balance falls below 75% of the MAB of Rs 5,000. If the shortfall is 50% or less of the MAB, then the bank will charge Rs 50 plus service tax.
5.On the other side Savings account holders are allowed to deposit cash in their accounts three times a month free of charge and a charge of Rs 50 plus service charge would be levied on every transaction beyond that
about ATM charges:
7. However, SBI will not levy any charge on withdrawals from its own ATMs if the balance exceeds Rs 25,000. In case of other banks' ATM there will be no charge if the balance exceeds Rs 1 lakh.
8. SBI will charge Rs 15 for SMS alerts per quarter from debit card holders who maintain average quarterly balance of up to Rs 25,000 during the three months period. There will be no charge for UPI/ USSD transactions of up to Rs 1,000
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