minimum balance
Banks collect Rs 5,000 cr from customers for breaching minimum balance
SBI led the pack in penalising its customers for not maintaining minimum account balance.
SBI reduces charges on non-maintenance of minimum balance
For semi-urban and rural centres, the charges have been reduced from Rs 40 per month.
SBI slashes non-maintenance charges of minimum balance by 75 per cent
The above revision will benefit 25 crore bank customers.
Relief for SBI customers as bank tweaks minimum balance rules
Earlier Rs 5,000 monthly minimum balance limit has been reduced to Rs 3,000 which sounds affordable.
Public outcry forces SBI to cut minimum balance to Rs 3,000
The revised requirement and charges will become applicable from the month of October 2017.
SBI collects Rs 235 crore in minimum balance fine in June qtr: RTI
The country's top bank has not revealed the categories of accounts on which the fine has been levied.
Demand for post office accounts in Karnataka goes up
Post Office Savings Bank Account is much easier to open that requires a paltry amount of Rs 50.
Things to know about SBI's new transaction rules
Country's largest public sector lender has brought in a new minimum balance requirement rule among others.
Minimum account balance: SBI says penalty only after April 24
Revised services cgarges for transaction at bank's ATMs will also come into force after that date.
SBI says maintain Rs 5,000 balance or pay penalty
Customers of urban and semi-urban branches required to keep Rs 3,000 and Rs 2,000 balance respectively.