SBI Reduces Charges On Non Maintenance Balance (AMB)

The State Bank of India reduced its charges on non-maintenance of an average monthly balance in savings account by up to 75%, effective April 1, 2018. The charges for non-maintenance of AMB for customers in metro and urban centers have been reduced from a maximum of Rs 50/month plus GST, to Rs 15/month plus GST. For semi-urban and rural centers, the charges have been reduced from Rs 40/month plus GST to Rs 12 and Rs 10/month plus GST, respectively.
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