India's largest bank SBI has clarified that charges for non-maintenance of monthly average balance does not apply to all its bank accounts. In a Twitter post, SBI said that basic savings bank deposit accounts are exempted from maintaining monthly average balance. Out of the 40 crore savings bank accounts that SBI has, 13 crore accounts fall under exempted category, the state-owned lender said. The basic savings bank deposit account holders will get host of other benefits that normal savings account holders get but they don't have to maintain any minimum monthly balance, SBI said in a tweet.
Avail of a host of other benefits by opening a Basic Savings Bank
basic savings bank deposit account
Deposit (BSBD) account. To know more, visit: https://t.co/PEbjj63Ts3 pic.twitter.com/OpJF7lgwAs— State Bank of India (@TheOfficialSBI) September 24, 2017Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
