Average Monthly Balance

Average Monthly Balance News

State Bank of India closes 41.16 lakh savings accounts for not keeping minimum balance
Business

State Bank of India closes 41.16 lakh savings accounts for not keeping minimum balance

Last April, State Bank of India had re-introduced the penal charges on non-maintenance of average monthly balance after a gap of five years.

State Bank of India reduces charges for non-maintenance of minimum balance from 1 April
Business

State Bank of India reduces charges for non-maintenance of minimum balance from 1 April

State Bank of India (SBI) on Tuesday substantially reduced charges for non-maintenance of Average Monthly Balance (AMB) in savings accounts.