SBI gives big relief to 45 crore customers, reduces the limit of minimum balance
State Bank of India, the country’s largest state-run bank, has given relief to 45 crore customers. SBI has reduced the minimum balance limit for metro and rural areas. Now the average monthly balance has been raised to Rs 3000 for metro and urban cities and Rs 1000 for rural areas. Along with this, the charge on not maintaining the minimum balance has also been reduced.
About 45 crore customers will get relief from this new rule of SBI. Charge of Rs 5-15 and GST is levied separately for not maintaining minimum balance. SBI implemented the minimum average balance charge in April 2017. Talking about metro cities like Delhi, Mumbai, Kolkata, Chennai etc the minimum balance will be reduced by 50% to Rs 10 plus GST as fine. If it is reduced by 50-75 per cent, then the charge will be Rs 12 plus GST. If the balance of the account holder decreases by more than 75 per cent, then Rs 15 and GST will be charged as fine.
Apart from this, the bank has also implemented tax collected at source from October 1. Under this, it will be implemented on sending more than 7 lakh remittances in a financial year. However, this does not include education loan payments. TCS will be charged on the money sent for the purpose of traveling abroad. TCS is applicable even if this amount is less than seven lakhs. To know what changes SBI has made from October 1 click here.
(With inputs from livehindustan.com)
Ms Kalinga
SBI must compulserily collect Life certificate of Pensioner from home who have crossed age of 80 years without any medical certificate & without any application. This should be the best example of humanity on behalf of government.
After looting poor and middle class citizens for a long time SBI is planning for another loot.People will start believing this bank and will start to keep hard earned money in this account. Bank will use this money to lend to corporates .After that bank will reintroduce these charges again secretly and will loot poor again.Thanks to Government of India these looters can still continue their looting job
After looting poor and middle class citizens for a long time SBI is planning for another loot.People will start believing this bank and will start to keep hard earned money in this account. Bank will use this money to lend to corporates .After that bank will reintroduce these charges again secretly and will loot poor again.Thanks to Government of India these looters can still continue their looting job
Most of poor people, Senior citizens , B.P.L.Card holders , persons don’t have balance in their account because their income, open SAVINGS BANK ACCOUNT in SBI BANK.
This useless bank in the name of MINIMUM BALANCE recovering the poor peoples money . The senseless Government recovering GST on this .
The both bank and Government don’t have any social responsibility
This should be stopped immediately.
Currently the SB account Average monthly balance (AMB) is Nil in SBI. This news website is showing wrong information. Around March of 2020 SBI relaxed its norms regarding AMB. Accordingly the AMB needed to maintain is made Zero. It is such a great relief to all customers of SBI.
Agreed
But why we are not interested for opening basic saving account in sbi
It’s giving 0 ₹ balance as minimum
Ask for it in your branch
Or you can search for
Another Series should be telecasted on Netflix as ” SBI Billionaires; Looting Continues “.
Very poor services all of india branches…… Cheap employees…. Way of talking like a tapori … Road side vendors
SBI has brought these changes in MAB last year and kalingatv has noticed that now. How fast!
In fact, SBI has completely done away with MAB since August 15, 2020. What has kalingatv noticed?
Incorrect News….
Bank Employes are saying zero charges applicable for not maintaining the min balance…
Pls don’t spread humours…..