Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
August 20, Monday 2018 8:10 AM       

       HEADLINES: Qatar announces $5 million aid to flood-hit Kerala                                              Rescue operations in full swing                                              V D Satheesan slams health ministry for failure to send relief teams                                              Kerala Floods should be declared a national disaster, says Yechury                                              President Kovind enquires about flood situation in Kerala                                              Air India pilots offer help in flood-hit Kerala on voluntary basis                                              Big B, SRK contribute towards Kerala relief                                              Former UN chief Kofi Annan dies at 80                                              Asian Games: Ravi Kumar, Apurvi Chandela win mixed air rifle shooting bronze                                              Kaumudi Facebook
       BUSINESS Next Article: Regulations should not impact pace of innovation: Google  
       SBI reduces charges on non-maintenance of minimum balance
 
         Posted on :22:37:48 Mar 13, 2018
   
A A
       Last edited on:22:39:40 Mar 13, 2018
         Tags: SBI, minimum balance
 
Mumbai: The State Bank of India today reduced its charges on non-maintenance of an average monthly balance (AMB) in savings account by up to 75 per cent, effective April 1.
 
The charges for non-maintenance of AMB for customers in metro and urban centres have been reduced from a maximum of Rs 50 per month plus goods and services tax (GST), to Rs 15 per month plus GST. The above revision will benefit 25 crore bank customers.
 
For semi-urban and rural centres, the charges have been reduced from Rs 40 per month plus GST to Rs 12 and Rs 10 per month plus GST, respectively, the bank said in a release.
 
"We have reduced these charges taking into account the feedback and sentiments of our customers," SBI's managing director (retail and digital banking) P K Gupta said.
 
"The bank has always focused on keeping the interests of its customers first and this is one of our many efforts towards fulfilling customers' expectations," he said.
 
The SBI also offers its customers to shift from a regular savings bank account to basic savings bank deposit account (BSBD) on which no charges are levied.
 
A customer always has the option of converting the regular savings bank account to BSBD account free of charge, in case he desires to avail basic savings bank facilities without being subject to maintenance of AMB, Gupta said.
 
The lender has 41 crore savings bank accounts, out of which 16 crore accounts under the Pradhan Mantri Jan Dhan Yojna/ BSBD, and of pensioners/ minors/ social security benefit holders are already exempted from charges on non- maintenance of minimum balance.
A A
       BUSINESS
Next Article: Regulations should not impact pace of innovation: Google
 
 
BUSINESS HEADLINES
BPCL ensures fuel supply in Kerala for rescue operations  
Ranganath's departure irreplaceable loss for Infosys at a critical juncture: Murthy  
Rupee might stabilise at 68-69 a dollar: Garg  
Sensex surges 284 pts, Nifty hits new high  
Gold eases, silver recovers on subdued demand  
Comfortable forex reserves to deal with undue Re volatility: Jaitley  
Positive growth in steel sector, trend to continue: Tata Steel  
Global Indian Solutions to address $900B NRI assets market in India  
DLF to offer only completed flats; to remove delivery uncertainty  
Adani walks away with gas rights for 21 cities; BPCL bags 11 cities  
India Cements Q1 net profits slips to Rs 21.03 cr  
Microsoft boss Nadella rakes in USD 35 million in share sale  
Odisha likely to put up 18 mines for auction this year: Mukim  
Erdogan says Turkey 'won't lose economic war' after lira crash  
Odisha likely to put up 18 mines for auction this year: Mukim  
US dollar ends sharply higher against rupee  
"Ligne Roset" is all set to cover North Indian market through India's premium furniture brand IOTA  
JP Morgan-CIIE to set up Financial Inclusion Lab  
Adani Power net loss widens to Rs 825 cr in Apr-Jun qtr  
Ola to launch its UK operations with ride-sharing offerings in South Wales, Greater Manchester  
Indra Nooyi to step down as PepsiCo CEO  
Paper Industry aims to rectify misconceptions about paper usage  
Sensex hits record high, Nifty breaches 11,400 mark  
GST slabs may reduce to 3 in long-term: Sanjeev Sanyal  
Lankan govenment reworking MoU on airport deal with India  
 
Do you think Indian Army should take up rescue operation independently?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy