SBI New Rules From April 2017 Service Charges: Minimum Balance, ATM Fee

SBI New Rules From April 2017 Service Charges: Minimum Balance, ATM Fee

Find Latest News on Sbi Bank -SBI New Rules Effective From 1st April 2017

The Highlights of the new rules of SBI Bank are:

1. 3 times deposit free in your account. After more than 3 times deposit, you will pay 50/- per deposit.

2. Minimum 5000/- balance to be maintained in metro city branch account holder.

3. Minimum 3000/- balance to be maintained in city/town branch account holder.

4. Minimum 2000/- balance to be maintained in semi urban area branch account holder.

5. Minimum 1000/- balance to be maintained in villages branch account holder

6. If you do not maintain minimum amount in your account, you will pay upto Rs.200/- + extra surcharge.(depending on how many days)

7. SBI ATM free for 5 times use, after 5 times you will pay 10/- per transaction.

8. Other bank ATM free for 3 times use, after 3 times you will pay 20/- per transaction.

9. Unlimited SBI ATM use without any charges, If you maintain 25000/- in your SBI savings account.

10. Unlimited SBI & OTHER BANK ATM use without any charges, If you maintain 100000/- in your SBI savings account.
11. 15/- SMS charge you will pay after 3 months, (SMS charge free, If you maintain 25000/- in your SBI savings account)

12. The failure to maintain Monthly Average Balance (MAb) in accounts will call for a penalty between Rs 50 to Rs 100 plus service tax per month.

13. There will be no charge for UPI/ USSD transactions of up to Rs 1,000. Beyond Rs 1,000, there are charge

1. The Monthly Average Balance of Rs 5000 in a branch in Metropolitan City then :

Shortfall <=50% = Rs 50/- + Service Tax.

Shortfall >=50-75% = Rs 75/- + Service Tax.

Shortfall > 75% = Rs 100/- + Service Tax

2. The Monthly Average Balance of Rs 3000 in a branch in the Urban area then :

Shortfall <=50% = Rs 40/- + Service Tax.

Shortfall >=50-75% = Rs 60/- + Service Tax.

Shortfall > 75% = Rs 80/- + Service Tax

3. The Monthly Average Balance of Rs 2000 in a branch in the Semi- Urban area then :

Shortfall <=50% = Rs 25/- + Service Tax

Shortfall >=50-75% = Rs 50/- + Service Tax.

Shortfall > 75% = Rs 75/- + Service Tax.

4. The Monthly Average Balance of Rs 2000 in a branch in the Rural area then :

Shortfall <=50% = Rs 20/- + Service Tax

Shortfall >=50-75% = Rs 30/- + Service Tax.

Shortfall > 75% = Rs 50/- + Service Tax

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