SBI BANK CUSTOMERS NE 1 APRIL THI MINIMUM BALANCE N RAKHVA PAR PENALTY LAGASHE.
In a new development, the State Bank of India announced on Friday that
it’s account-holders will be penalised for not maintaining a minimum
balance from April 1 onwards. In a statement on its website, the bank
had listed out charges to be made effective from April 1. For
metropolitan areas, the mandatory minimum balance
will be Rs 5,000. In urban, semi-urban and rural areas, the charges
will be Rs 3,000, Rs 2,000 and Rs 1,000 respectively. However, it must
be mentioned that these charges will be based on the difference between
the minimum balance required and the shortfall. For instance, if the
shortfall in metropolitan areas is more than 75 per cent, the charges
would be Rs 100 plus service tax.
According to bank’s notification of the new charges, if the shortfall is between 50-75 per cent, the bank would charge Rs 75 plus service tax. If the shortfall is below 50 per cent, a charge of Rs 50 plus service tax would be levied. For rural areas, the penalty ranges from Rs 20-50 plus service tax, the bank notification said.
Additionally, the bank also said it would renew from April 1, the Rs 50 charge for customers carrying out more than three cash transactions at its branch within a month. However, this charge is applicable currently as well. In a separate interview to news agency IANS, an SBI official said that these cash transactions at branches already exist, adding that the same have been renewed for the coming financial year from April 1 onwards.
According to bank’s notification of the new charges, if the shortfall is between 50-75 per cent, the bank would charge Rs 75 plus service tax. If the shortfall is below 50 per cent, a charge of Rs 50 plus service tax would be levied. For rural areas, the penalty ranges from Rs 20-50 plus service tax, the bank notification said.
Additionally, the bank also said it would renew from April 1, the Rs 50 charge for customers carrying out more than three cash transactions at its branch within a month. However, this charge is applicable currently as well. In a separate interview to news agency IANS, an SBI official said that these cash transactions at branches already exist, adding that the same have been renewed for the coming financial year from April 1 onwards.
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