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SBI Minimum Balance On Savings Bank Accounts: How Much Fine You Have To Pay
Fine on customers not meeting minimum balance requirement, says SBI Penalty will be based on SBI customer location Ensure average monthly balance by regular review of account, it adds
26 Apr 2017, 04:07 PM IST 
SBI requires its savings bank account holders in metros to maintain a monthly average balance of Rs 5,000
SBI or State Bank of India is charging a fine on savings bank account customers not meeting the average monthly balance requirement. The amount of penalty for non-compliance with the monthly average balance or MAB requirement is based on customer location - metro, urban, semi-urban and rural. This was said by India's largest bank SBI on Twitter while specifying various ranges according to which it will levy the charges. Charges levie...
