Monday, Jun 05, 2023 | Last Update : 07:54 PM IST

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.

05 Aug 2018 12:34 PM

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.

14 Mar 2018 11:19 AM

SBI slashes non-maintenance charges of minimum balance by 75 per cent

The above revision will benefit 25 crore bank customers.

13 Mar 2018 1:25 PM

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.

26 Sep 2017 3:27 PM

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.

26 Sep 2017 6:32 AM


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.

19 Aug 2017 12:35 PM

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.

15 May 2017 3:06 PM

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.

05 Apr 2017 1:33 PM

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.

03 Apr 2017 4:00 PM

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.

01 Apr 2017 1:13 PM