Tag: Average Monthly Balance

Customers of State Bank of India (SBI) the country’s largest bank are required to maintain an average monthly balance with their savings accounts. If a customer fails to meet the average monthly balance, he/she will have to cough up penalty charge. Therefore, a SBI customer must be aware of the new rules on average monthly […]

Customers of the State Bank of India (SBI), the country’s largest nationalised bank, are required to maintain an average monthly balance in their savings accounts. If one fails to keep that minimum balance, the bank charges an amount depending on branch location and the amount of shortfall. As per the website of the bank, www.sbi.co.in, […]