SBI New Rules w.e.f. 1st April 2017

Check SBI’s New Rules on Transaction Charges From 1st April 2017


1. Monthly Average Balance (MAB): Minimum Balance in SBI Savings Account

Savings Bank Account holders including Surabhi SB (Excluding CSP, Basic Savings Bank Small & PMJDY a/cs) need to maintain minimum balance in their account as per location of their SBI Branch .

If your minimum Monthly Average balance falls short than required balance then SBI will deduct charges as follows:

Metro MAB of Rs. 5000/-

Shortfall <=50% – Rs.50/- +ST

Shortfall >50 –75% – Rs.75/- +ST

Shortfall > 75% – Rs.100/- +ST

Urban MAB of Rs.3000/-

Shortfall <=50% – Rs.40/- +ST

Shortfall >50 –75% – Rs.60/- +ST

Shortfall > 75% – Rs.80/- +ST

Semi-Urban MAB of Rs. 2000/-

Shortfall <=50% – Rs.25/- +ST

Shortfall >50 –75% – Rs.50/- + ST

Shortfall > 75% – Rs.75/-+ST

Rural MAB of Rs.1000/-

Shortfall <=50% – Rs.20/- +ST

Shortfall >50 –75% – Rs.30/-+ST

Shortfall > 75% – Rs.50/-+ST

2. Cash Deposit Transactions :

Cash Deposit Transaction at SBI Branch

For Savings Bank account (Including SURABHI Savings Bank account):

  • No. of cash deposit transactions in a month — 3 transactions Free.
  • Beyond 3 Transactions in a month — Rs. 50/-+ ST per Transaction


3. ATM Charges :

  • Number of Free ATM Transactions — 5 From SBI ATM & 3 From Other than SBI ATM
  • Beyond Free Transactions — Rs.10/- + ST per Transaction From SBI ATM & Rs.20 + ST per Transaction From Other than SBI ATM
  • Transaction decline due to insufficient balance — Rs.20 + ST
  • Cardless Cash withdrawal at ATMs — Rs.22+ST

 


Source

 

DA_Team

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