SBI reduces charges on some services.
In a recent move, SBI has completely waived off account closure charges on some accounts. State Bank of India (SBI) reduced the monthly charges for metro cities from Rs. 5,000 to Rs. 3,000 and cut charges for non-maintenance of minimum balance by up to 50 percent.Currently, if you close a savings account in SBI after one year of opening it, it attracts a charge of Rs. 500 plus GST. But, from October 1, there will be nil charges for this service, SBI said in a Twitter post.
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