SBI managing director P K Gupta said that the charges for various services offered by the bank are among the lowest in the industry
1 min read25 Dec 2018SBI 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 2018The SBI collected a windfall of Rs1,771.67 crore, more than its second quarter profit, from customers for non-maintenance of monthly average balance in savings accounts in eight months of 2017-18
1 min read2 Jan 2018SBI said pensioners and minors are exempted from the minimum balance requirement for savings accounts
1 min read25 Sep 2017State Bank of India is reviewing the feedback received from customers on the issue of penalty charges for certain categories of accounts for non- maintenance of monthly average balance
2 min read17 Sep 2017SBI savings bank account holders will have to maintain a monthly average balance of Rs5,000 in metros or else they will have to pay a penalty of Rs100
2 min read3 Apr 2017SBI says it has not received any formal communication from the government for re-considering the minimum balance penalty
4 min read8 Mar 2017Savings bank account holders of SBI and its five associates will have to maintain the monthly minimum balance
1 min read6 Mar 2017SBI will permit savings bank account holders to deposit cash three times a month free of charges and levy Rs50 plus service tax on every transaction beyond that; levy could go as high as Rs20,000 for current account
1 min read5 Mar 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared