You got a savings account with the State Bank of India, and are you maintaining the minimum average monthly balance? If not, then you will be penalized, depending upon where your account is! With effect 1st October 2019, SBI has notified the changes and issued new guidelines for minimum average monthly balance to be maintained in savings accounts. The notification published on the official website of SBI – onlinesbi.com, also elaborates the penalty scheme applicable to accounts which default on minimum monthly balance guidelines. What is the new rule for…
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