The State Bank of India (SBI) has also formulated the revised plans after a gap of five years. From 1st April 2017 onwards, the SBI will charge the penalty on non-maintenance of minimum balance on accounts. The Penalty is also applicable to the ATM transactions and other services. Have a glance at the New SBI Rules To Be Implemented From April 1st to be on the safe side. The Reserve Bank of India has given the permission to the SBI Bank to levy charges for breaching the minimum balance limit. Earlier in 2012, the State Bank of India had suspended the charges on breach of minimum balance limit. The rules are as follows:-
1. Minimum 3 times deposit free in your account, After more then 3 times deposit you will pay 50/- per deposit.
2. Minimum 5000/- balance maintain in metro city branch account holder.
3. Minimum 3000/- balance maintain in city/town branch account holder
4. Minimum 2000/- balance maintain in semi urban area branch account holder.
5. Minimum 1000/- balance maintain in villages branch account holder
6. If you not maintain minimum amount in your account you will pay up to 200/- + extra surcharge.(depending on how many days)
7. SBI ATM free for 5 times use, after 5 times you will pay 10/- per transactions.
8. Other bank ATM free for 3 times use, after 3 times you will pay 20/- per transactions.
9. Unlimited SBI ATM use without any charges, If you maintain 25000/- in your SBI savings account.
10. Unlimited SBI & OTHER BANK ATM use without any charges, If you maintain 100000/- in your SBI savings account
11. 15/- SMS charge you will pay after 3 months, (SMS charge free, If you maintain 25000/- in your SBI savings account)