SBI has written in a tweet, Please note that if you have any charges due before the date on which the bank has announced that the minimum balance and message charges will not be levied, then it will have to be paid.
The country’s largest government bank State Bank of India (SBI) has given a new information regarding the minimum balance in the account. In this, it has been told that from when the customer will have to pay the minimum balance. State Bank has also told about the message charge. According to the bank, from the date on which the message charge has been made free, there will be no charge after that date. But if no one has maintained the minimum balance before that date, then the same will have to be paid.
SBI has written in a tweet, ‘Please note that if you have any charges due before the date on which the bank has announced that the minimum balance and message charges will not be levied, then the same will have to be paid. ‘. Through this tweet, State Bank has told the customers that if the minimum fee has not been kept in the account before the due date and any payment is made to the bank in this item, then it will have to be paid. This means that the customer has to keep in mind that his minimum balance is not already pending. If so, it should be paid on time.
What SBI said
The minimum balance in the bank is called Average Monthly Balance or AMB in technical language. The country’s largest bank SBI announced last year that the average minimum balance on all savings bank accounts has been waived off. As per the rules, the AMB on SBI savings account in metro cities was kept at Rs 3,000, in semi urban areas AMB Rs 2,000 and in rural areas SBI branch was kept at Rs 1,000. The bank had removed the rule of retaining this amount. For not maintaining the minimum balance, Rs 5-15 plus GST was collected by adding it. Along with this, State Bank had also waived the SMS charge.
Today, on #StateBankDay, we celebrate the incredible journey undertaken so far. Proud to move together with our nation in its march towards progress. We are happy to serve you with the latest digital banking products and services.#TheBankerToEveryIndian #SBI #StateBankOfIndia pic.twitter.com/dERRV1lZsJ
— State Bank of India (@TheOfficialSBI) July 1, 2021
Let us know some questions and answers related to this
1- What is the minimum balance required to be maintained in the savings bank account
On March 11, 2020, State Bank announced that the Average Monthly Balance or AMB is being waived. This means that if a customer does not maintain a minimum balance in the account, then he will not have to pay any penalty.
2- A customer can open an online SBI account
Yes, you can open an account online through SBI Digital Savings Account. However, it should be remembered that for this also the customer will need to visit the branch at least once.
3-How to open zero balance account in SBI
For this you have to open SBI Basic Savings Bank Account. He comes with zero balance.
4-Can a customer have more than one savings account in SBI?
Any customer can open different types of accounts in SBI with one customer ID. But all the accounts will have to be interlinked with the same customer ID.
5-Will Aadhaar be required to open an account with SBI?
No, it is not mandatory to provide Aadhaar number to open an account. These rules apply to all the banks in the country.
6-How to check SBI account balance?
To check balance in SBI SBI, you have to send a message by writing BAL to 09223766666 from your registered number. After this you will get the mini statement and other information related to it on the registered mobile number.
