(Rs. 3000 now) SBI Minimum Balance Requirement in Cities is now Rs. 5000

dextermorgan

Regulars
May 12, 2014
6,843
1,217
Hyderabad
^ second tweet : Earlier, they used to charge 100rs plus gst for not maintaining minimum 5k. Now that limit is reduced to 3k and the charges (penalty) for not maintaining 3k minimum is being reduced 20~50%
 

igloo

Not just Internet.
Regulars
Sep 5, 2008
2,383
519
New Delhi
someone told me they are losing accounts as people nowadays hardly visit branch. For atm card & access they are already getting annual fees & other charges.
 

Sushubh

Administrator
Oct 29, 2004
413,717
12,754
Gurugram
i think jan dhan accounts took care of that problem. few people closing their accounts would not lessen any load on them. they just would not be able to mint money from them. which is why they charge rs. 500+tax... Rs. 590 today I guess for account closing.
 


Smh

Regulars
Nov 7, 2016
870
134
Finance Ministry data shows the country's largest lender, State Bank of India, collected Rs 1,771 crore during April-November 2017 as charges from customers who did not maintain their minimum monthly average balance in their accounts, according to a report in The Indian Express. This is more than the bank's July-September quarter net profit of Rs 1,581.55 crore and nearly half of the Rs 3,586 crore it earned as net profit April-September.
 
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