SBI's gift to customers | Now savings account holders will not have to pay any charge for not keeping SMS alerts and average minimum balance

 

The country's largest bank, State Bank of India (SBI), has gifted its savings account holders on the occasion of 74th Independence Day. SBI has exempted its savings account holders from various types of charges. SBI gave this information through a Twitter account on 15 August. According to this, these customers will no longer have to pay fees for not keeping SMS alerts and minimum balance.

 

The bank has now abolished the charge levied for backing service messages on the mobile number registered with the customer's account. Now the customer will not have to pay any charge for this.

SBI has divided its branch into three categories. These include metro-urban, semi-urban and rural areas. SBI has an average minimum balance of Rs 3,000 for branch customers in cities. If a customer does not maintain a balance of Rs 3,000 in his account and if it falls below 50% (Rs 1,500), then he had to pay Rs 10 and GST as a fee. If the balance in your account falls below 75%, then you will have to pay Rs 15 and GST as a fee. Similarly, the SBI account holder in the semi-urban branch is required to keep a minimum of Rs 2,000. While a minimum balance of Rs 1,000 is required to be maintained in the accounts of the customers of a rural area branch.

 

By giving information about the transaction from everyone's account by the bank, it means that the customer can know what transaction is going on from their account. The bank reaches the customer through SMS. But, for this, SBI charges 12 plus GST for every quarter from the customers.