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SBI Waives Average Monthly Balance Requirement For All Savings Accounts
SBI used to levy a penalty of Rs 5-15 on non-maintenance of AMB AMB charges are now waived off on all 44.51 crore SBI savings accounts Bank rationalized interest rate of 3% per annum for all savings accounts
12 Mar 2020, 02:25 PM IST 
SBI saving account charges: SBI used to levy a penalty of Rs 5-15 + taxes on non-maintenance of AMB.
SBI minimum balance 2020: State Bank of India (SBI), the country's largest lender by assets, on Wednesday announced waiving maintenance of average monthly balance (AMB) requirement for all savings bank account holders. "The charges on maintaining AMB are now waived off on all 44.51 crore SBI savings bank accounts. Currently, SBI Savings Bank customers' needs to maintain AMB of Rs 3,000, Rs 2,000 and Rs 1,000 in metro, semi urban and ...
