The State Bank of India (SBI) has revised the
minimum account balance for its savings
accounts, as well as the penalties for non-maintenance of minimum balance. Civil
services chronicle The major change has been made with respect to savings accounts in metro cities, where
SBI account holders will now have to
maintain a monthly average balance (MAB) of 23,000, civil services chronicle magazine-latest instead of
25,000. If MAB falls between 22,999 and
n,soo, then the account holder will have to pay 230 as penalty, if it
falls between 21,499 and 2750, civil
services chronicle magazine-latest then the penalty will be 240, and 250
if the MAB is below 2750.
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