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SBI reduces minimum balance limit to Rs 3,000 in Metro & Urban : Rs 2,000 and Rs 1,000 in Semi-Urban and Rural
Posted on: 26-09-2017 , 11:26:AM | DY365 Bureau

The country’s largest Nationalised Bank, State Bank of India (SBI), has reduced minimum monthly average balance (MAB) on savings accounts for metros from Rs 5,000 to Rs 3,000 while semi-urban and rural centres continues to be at Rs 2,000 and Rs 1,000, respectively.

The new charges will be effective from October 1, 2017.

For non-maintenance of MAB, the charges at semi-urban and rural centres range from Rs 20 to 40 (from Rs 25-75 currently) and at urban and metro centres from Rs 30 to 50 (from Rs 50-100 currently).



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