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