State Bank of India (SBI) will be reducing the average monthly balance in Savings Account from Rs 5000 to Rs 3000 from October 1.
The revised services for not maintaining the average monthly balance are as follows:
Account-holders in semi-urban branches will have to maintain an average monthly balance of Rs 2000 and those in rural branches will have to maintain Rs 1,000.
National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) will be free online but charged at branches. The charges are as follows:
NEFT up to Rs 10,000 – Rs 2 plus GST
NEFT above Rs 2 lakh – Rs 20 plus GST
RTGS between Rs 2 lakh to Rs 5 lakh – Rs 20 plus GST
RTGS above Rs 5 lakh – Rs 40 plus GST.
Cash deposits and ATM withdrawls will be charged at Rs 50 plus GST per transaction after free transactions according to the average monthly balance maintained.
The maximum cash deposit at a non-home branch per is Rs 2 lakh. The bank manager will have the discretion to accept more.
New Delhi: After the record-breaking success of ‘Pushpa 2: The Rule’, Rashmika Mandanna has her…
Bhubaneswar: Twelve members of Village Water and Sanitation Committees (VWSC) from nine districts of Odisha…
Hyderabad: Bollywood actress Janhvi Kapoor, who is rumoured to be dating Shikhar Pahariya, had once…
Bhubaneswar: In a remarkable stride toward strengthening industrial ecosystem, the Odisha government on Wednesday approved…
Bengaluru: Playing away from home, Odisha FC turned the game on its head to snatch a…
Hyderabad: Two weeks after its Telugu release, the Hindi version of Balakrishna-Urvashi Rautela starrer ‘Daaku…
This website uses cookies.
