SBI New Rules from 1st April 2017
Here we have a very vital information regarding SBI New Rules from 1st April 2017. SBI mean state bank of India has made changes in some rules. As per our information the government asked SBI to reconsider its decision levy penalty on non-maintenance of minimum balance on Monday. The bank is planning to increase manifold from 1 April impacting over 31 crore savings bank account holders. Penalty ranging from Rs20-100 on non-maintenance of Minimum Average Balance (MAB) in savings bank accounts from 1 April has announced by the largest lender of the Country. Get more details regarding the rules of SBI by reading the further content up to the end of the page.
SBI New Rules
- 20- 100 penalty has announce by the SBI on non-maintenance of Minimum Average Balance (MAB) in savings bank accounts
- SBI is going to impose charges on cash transactions and ATM withdrawals over specified limits
- Penalty is as high as Rs 500 in case of current accounts on non-maintenance of Minimum Average Balance.
- Penalty for breach of MAB will reintroduced after five years gape.
- Bank increases the minimum balance requirement many times which is Rs 5,000 for account maintaining in the branches of six metro cities
Read: कैसे पाये SBI में Clerk की नौकरी – जानिये
As per the information official said, “Government has asked SBI to reconsider its decision to impose a penalty on non- maintenance of minimum balances in accounts from 1 April onwards,” and “reconsider the charges on cash transactions and ATM withdrawals above a certain limit”. Beyond the limit of four free transactions in a month HDFC Bank, ICICI Bank and Axis Bank and many other private banks have started charging a minimum amount of Rs150 per transaction for cash deposits and withdrawals.
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