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SBI New Rules Effective From 1st April 2017

SBI says minimum penalty required balance as of April 1, 2017 Onwards new rule in India’s state bank SBI new ATM,

SBI account holders are advised to take a look at the new SBI rules As of April 2017, service charges: minimum balance, the ATM fee here to be implemented as of April 1 to be On the safe side.

SBI says minimum penalty required balance as of April 1, 2017
SBI says minimum penalty required balance as of April 1, 2017

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

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

3. The failure to maintain the average monthly balance (MAb) in the accounts will require a penalty between Rs 50 to Rs 100 plus service tax per month.

4.Minimum 1000 / – balance to be maintained in the account holder of the village branch.

5.3 times free of deposit in your account. After more than 3 times the deposit, you will pay 50 / – per deposit.

Asked about the imposition of these charges, a senior SBI official said: “The major change is in charges for non-maintenance of minimum balance, ATM and cash management charges.”

But then, it makes a big difference. ATM charges that go beyond the mandatory limit will double from ₹ 5 to ₹ 10.

As other ATM bank charges are 20 per transaction, it would be prudent to use only SBI ATMs (including associated banks). According to an estimate of the bankers, a customer uses an ATM about 10 to 13 times a month ….

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