Minimum Balance Requirement News

Money

De-jargoned: The penalty for not maintaining average monthly balance

Most banks impose a penalty on their customers for not maintaining the stipulated amount of minimum balance in their savings accounts. The State Bank of India has announced it is reducing the quantum of this penalty

2 min read13 Mar 2018
Industry

SBI reviewing minimum balance requirement, to make announcement soon

SBI says it is in the process of reviewing the requirement for minimum balance in savings account and the charges applicable for non-maintenance, and will soon make the announcement

1 min read9 Jan 2018

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