Wednesday, April 12, 2017

State Bank of India New Rules Effective From 1st April 2017

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

a). The Monthly Average Balance of Rs 5000 in a branch in Metropolitan City then :
Shortfall <=50% = Rs 50/- + Service Tax.
Shortfall >=50-75% = Rs 75/- + Service Tax.
Shortfall > 75% = Rs 100/- + Service Tax
b). The Monthly Average Balance of Rs 3000 in a branch in the Urban area then :
Shortfall <=50% = Rs 40/- + Service Tax.
Shortfall >=50-75% = Rs 60/- + Service Tax.
Shortfall > 75% = Rs 80/- + Service Tax
c). The Monthly Average Balance of Rs 2000 in a branch in the Semi- Urban area then :
Shortfall <=50% = Rs 25/- + Service Tax
Shortfall >=50-75% = Rs 50/- + Service Tax.
Shortfall > 75% = Rs 75/- + Service Tax.
d). The Monthly Average Balance of Rs 2000 in a branch in the Rural area then :
Shortfall <=50% = Rs 20/- + Service Tax
Shortfall >=50-75% = Rs 30/- + Service Tax.
Shortfall > 75% = Rs 50/- + Service Tax