SBI reduced Low Balance deduction charges from Rs. 50 to Rs. 15.
According to SBI official Statement
The charges for non-maintenance of average monthly balance for customers in metro and urban centres have been lowered from Rs 50 per month excluding GST, to Rs 15 per month excluding GST. This will effective from April 1.
In semi-urban and rural centres, charges reduced from Rs 40 + GST, to Rs 12 and Rs 10 + GST respectively.
SBI’s managing director PK Gupta said,
“The bank has always focused on keeping the interests of its customers first and this is one of our many efforts towards fulfilling customers’ expectations,”