RBI latest guidelines General saving accounts. According to the information available on the SBI website, the fund has been divided into four parts – the Metro, urban (urban), semi-urban, rural (rural) and the amount under the monthly average balance (average monthly balance). That is, if you live in Kanpur, then the fee fixed by the bank for you and Monthly Average Balance (MAB) will be different from Delhi. Do you have a savings account in State Bank of India (SBI)? If yes, then tell you that you will have to pay a penalty of up to 100 rupees if you do not keep Monthly Average Balance (Average Monthly Balance) in SBI’s Savings Account. In this penalty, tax levied under GST applied to the country from July 1 has not been included. In fact, according to RBI guidelines, the banks can charge the general savings accounts if they do not have a fixed minimum amount (minimum balance).
Well, the wise people of the cases say that it would be better that you do not have to open too many savings accounts, because in this case you will have a hassle to keep minimum balance in more accounts. At the same time, it may be that in some cases a few thousand rupees or even a few rupees in the absence of a fall, you should be in the right balance of the account penalty running. SBI has said on its microblogging site Twitter – keep an eye on your account regularly and note that it does not seem to be less than the default amount. Maintain average monthly balance and avoid penalties if they are not charged at all.
For more news updates Follow and Like us on Facebook