{Unofficial} SBI may slash minimum average balance to ₹1000 for metros & ₹500 for rural areas

[Sai Jai]

Good news for the SBI customers. Having faced all-round flak for levying and collecting hefty charges for non -maintenance of minimum average balance (MAB) in savings accounts, the State Bank of India is now mulling over changing its rules for maintaining minimum balance in savings accounts. It is also likely to slash the penalties for non-maintenance of MAB, according to media reports.

Sources said that the bank may lower its minimum balance requirement in metro cities from Rs 3,000 at present to Rs 1,000, while the requirement to maintain monthly average balance may be changed to quarterly average balance. This will help those people who don’t have a regular cash flow.


After row, SBI set to cut minimum average balance requirement, penalties on your savings account






Note: SBI website not yet updated

 

[Kiran Reddy]

Many people might have started closing their accounts and looks like they felt the heat

 

[Sarkar]

i don't see any reduction in queue in sbi

 

[Bapun]

https://twitter.com/x/status/949616871778725888

Source

 

[Sai Jai]

https://twitter.com/x/status/949616871778725888

Source

That's why I hate SBI #simple

 

[Sarkar]

Good news! SBI cuts charges for non-maintenance of minimum balance from April 1

 

[Sai Jai]

I think numerical operators {< , >} are interchanged coz proposed charges are bottom up


Edit: Now understood

 

[UDHAY]

The first post mentions that mimimum balance is reduced to 1000Rs in Metros but the table shows 3000Rs ?

 

[Sai Jai]

The first post mentions that mimimum balance is reduced to 1000Rs in Metros but the table shows 3000Rs ?

1st post content are unofficial not official one by sbi

It was speculated like that previously but later no info regarding that

Regards

 

[Sarkar]

I think numerical operators {< , >} are interchanged coz proposed charges are bottom up

Proposed changes are in 3rd column, there is nothing wrong in < or <