Latest News - SBI Cuts Charges for Balance Shortfall By UpTo 70%
In a move that will benefit 25 crore account holders, State Bank of India has reduced charges for non-maintenance of Average Monthly Balance (AMB) in savings accounts by up to 70 per cent. The revised charges will be effective from April 01, 2018.
"We have reduced these charges taking into account the feedback and sentiments of our customers. SBI also offers its customers options to shift from regular savings bank account to basic savings account on which no charges are levied.”
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