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3 days ago · 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.
Terms And Conditions. This account can be opened by any individual provided he/she has valid KYC documents. Primarily meant for poorer sections of society to encourage them to start saving without any burden of charges or fees. Features. Available at all branches. Minimum balance amount Nil. Maximum balance /amount No upper limit.
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.
Nov 16, 2019 · Here is all you need to know about SBI minimum account balance rules: 1) SBI customers holding savings account in metro and urban centre branches are required to maintain an AMB of ₹ 3,000.
Aug 8, 2023 · Here is a comparison of the minimum balance requirements of State Bank of India ( SBI ), Punjab National Bank ( PNB ), Canara Bank, ICICI Bank and HDFC Bank. SBI minimum balance. In March 2020, SBI decided to remove the Average Monthly Balance (AMB) requirement from its basic savings accounts.
2 days ago · Eleven public sector banks—excluding State Bank of India (SBI) — have charged Rs 2,331 crore from account holders for their failure to maintain minimum balance in savings banks in FY2024, a rise of 25.63 per cent from Rs 1,855.43 crore in FY2023. These banks collected Rs 5,614 crore from account holders for not maintaining the minimum balance in the last three years, according to Ministry of Finance figures.
