State Bank of India : New Service Charges

Non-maintenance of average monthly balance (AMB)

Metro & Urban Centre branches

AMB of Rs.3000

Shortfall <=50% Rs.10 +GST

Shortfall >50 –75% Rs.12 +GST

Shortfall > 75% Rs.15 +GST

In semi-urban branches, SBI account holder needs to maintain an average monthly balance of Rs.2,000.

Semi-Urban Centre branches

AMB of Rs.2000

Shortfall <=50% Rs.7.50 +GST

Shortfall >50 –75% Rs.10 + GST

Shortfall > 75% Rs.12+GST

In rural branches, the average monthly balance is Rs.1,000.

Rural Centre branches

AMB of Rs.1000

Shortfall <=50% Rs.5 +GST

Shortfall >50 –75% Rs.7.50 +GST

Free monthly cash withdrawal from SBI branches

Average Monthly Balance (AMB) in Savings Bank

Upto Rs.25,000: Rs.2 plus GST

Above Rs.25,000 upto Rs.50,000: Rs.10 plus GST

Above Rs.50,000 upto 1,00,000: Rs.15 plus GST

Above Rs.1,00,000: Unlimited transaction

NEFT and RTGS charges

While Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) transactions through digital means are free, fees is imposed at branches.

NEFT transaction at branches

Upto Rs.10,000 – Rs.2 + GST

Above Rs.10,000 and upto Rs.1 lakh – Rs.4 + GST

Above Rs.1 lakh and upto Rs.2 lakh – Rs.12 + GST

Above Rs.2 lakh – Rs.20 + GST

RTGS transaction at branches

Rs.2 lakh to Rs.5 lakh Rs.20 +GST

Above Rs.5 lakh Rs.40 +GST

Cash deposit transactions

SBI allows 3 free cash deposit transactions in a month. Beyond these 3 transactions in a month (excluding alternate channel transactions), the bank will charge Rs.50 plus GST per transaction.

One thought on “State Bank of India : New Service Charges

  1. charges on deposit and withdrwal is a great discouragement to the account holders.

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