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Minimum balance limit lowered for SBI savings accounts in metros

India’s largest bank State Bank of India (SBI) has announced that it is lowering its minimum balance limit from Rs.5,000 to Rs.3,000 for accounts...

SBI reviews charges for non-maintenance of minimum balance in savings accounts

State Bank of India (SBI) is reviewing the charges to be imposed on accounts that do not maintain the monthly average balance (MAB). The...

SBI to reintroduce penalty for accounts without minimum balance

From the next financial year (i.e. as of 1st April 2017), the State Bank of India (SBI) will reintroduce penalties for failure to maintain...