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SBI Savings Bank Account: Minimum Balance Rules And How To Avoid Fine
SBI savings bank account holders need to maintain monthly average balance Failure to maintain average balance will attract penalty Charges vary depending upon branch where savings bank account held
08 Jun 2017, 12:46 PM IST 
SBI levies the penalty applicable in case of non-compliance based on four categories
State Bank of India charges a penalty up to Rs 100 (excluding service tax) on its savings bank account holders for not maintaining the minimum required balance under its monthly average balance or MAB rules. The fine for not meeting the minimum average balance in savings bank accounts each month is levied on the basis of branch location. This was said by India's largest bank SBI on microblogging site Twitter. That means customers hol...
