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Jun 11, 2024 · The maximum balance for the Basic Savings Bank Deposit Small account is Rs.50,000, and the Saving Account For Minors is Rs.10 lakh. SBI Saving Account Charges. The table below provides the details of charges and fees associated with the SBI Savings account: SBI Savings Account Transaction Limit.
Basic Savings Bank Deposit Account - Start saving without any burden of charges or fees with valid KYC documents online in India with SBI.
Balance in the savings account does not turn into negative balance solely on account of levy of charges for non-maintenance of minimum balance. Penal charges will not be levied in In-Operative accounts.
Sep 5, 2023 · With SBI’s Saving Plus Account, if the amount in the account reaches a certain limit, the money will be transferred to terms deposits in multiple of Rs 1,000. It carries various features like mobile banking, SMS alerts, and more. There’s no need to maintain a minimum balance amount.
6 days ago · Minimum Balance in SBI Savings Account. The minimum average balance to be maintained in SBI Savings Account is Nil. This signifies that no penalty shall be charge by the bank, even if the balance in your savings account reaches the minimum or even zero.
Aug 8, 2023 · SBI minimum balance. In March 2020, SBI decided to remove the Average Monthly Balance (AMB) requirement from its basic savings accounts. Before, SBI account holders had to keep an average monthly balance of Rs 3,000, Rs 2,000, or Rs 1,000 in their accounts, depending on whether their branch was in a metro area, a semi-urban area, or a rural area.
Dec 10, 2022 · With effect from August 2020, the SBI has removed the minimum saving account balance penalty for all savings bank account holders.
