02/04/2017
SBI New Rules Effective From 1st April 2017: All you need to know
Posted By : Prateek Kumar Apr, 1 2017 | 10:15 AM (IST)
SBI New Rules Effective From 1st April 2017: All you need to know
SBI New Rules Effective From 1st April 2017: All you need to know
New Delhi:
Authorities of State Bank of India (SBI) has also formulated the SBI New Rules From April 2017 after a gap of five years. State Bank of India will be implementing the changes they announced a month back. From 01-04-2017 onwards, the management authorities of State Bank of India will charge the penalty on non-maintenance of minimum balance on accounts.
SBI account holders are advised to have a glance at the SBI New Rules From April 2017, Service Charges: Minimum Balance, ATM Fee from here To Be Implemented From April 1st onwards to be on the safe side.
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The Highlights of the new rules of SBI Bank are:
1. 3 times deposit free in your account. After more than 3 times deposit, you will pay 50/- per deposit.
2. Minimum 5000/- balance to be maintained in metro city branch account holder.
3. Minimum 3000/- balance to be maintained in city/town branch account holder.
4. Minimum 2000/- balance to be maintained in semi urban area branch account holder.
5. Minimum 1000/- balance to be maintained in villages branch account holder
6. If you do not maintain minimum amount in your account, you will pay upto Rs.200/- + extra surcharge.(depending on how many days)
7. SBI ATM free for 5 times use, after 5 times you will pay 10/- per transaction.
8. Other bank ATM free for 3 times use, after 3 times you will pay 20/- per transaction.
9. Unlimited SBI ATM use without any charges, If you maintain 25000/- in your SBI savings account.
10. Unlimited SBI & OTHER BANK ATM use without any charges, If you maintain 100000/- in your SBI savings account.
11. 15/- SMS charge you will pay after 3 months, (SMS charge free, If you maintain 25000/- in your SBI savings account)
12. The failure to maintain Monthly Average Balance (MAb) in accounts will call for a penalty between Rs 50 to Rs 100 plus service tax per month.
13. There will be no charge for UPI/ USSD transactions of up to Rs 1,000. Beyond Rs 1,000, there are charge
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1. The Monthly Average Balance of Rs 5000 in a branch in Metropolitan City then :
Shortfall =50-75% = Rs 75/- + Service Tax.
Shortfall > 75% = Rs 100/- + Service Tax
2. The Monthly Average Balance of Rs 3000 in a branch in the Urban area then :
Shortfall =50-75% = Rs 60/- + Service Tax.
Shortfall > 75% = Rs 80/- + Service Tax
3. The Monthly Average Balance of Rs 2000 in a branch in the Semi- Urban area then :
Shortfall =50-75% = Rs 50/- + Service Tax.
Shortfall > 75% = Rs 75/- + Service Tax.
4. The Monthly Average Balance of Rs 2000 in a branch in the Rural area then :
Shortfall =50-75% = Rs 30/- + Service Tax.
Shortfall > 75% = Rs 50/- + Service Tax
