SBI New Rules Effective From 1st April 2017: All you need to know

New Delhi : Authorities of State Bank of India (SBI) have formulated SBI new rules From April 2017 after a gap of five years. State Bank of India implemented the changes, announced a month back, from 01-04-2017 onwards. The management authorities of State Bank of India will also charge a penalty on non-maintenance of minimum balance on accounts.

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SBI account holders are advised to have a glance at the SBI New Rules applicable from April 2017. Service Charges, Minimum Balance, ATM Fee from here to be implemented from April 1st onwards to be on the safe side.

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The Highlights of the new rules of SBI Bank are:

1. 3 times deposit free in your account. After more than 3 times deposit, you will pay 50/- per deposit.

2. Minimum 5000/- balance to be maintained in metro city branch account holder.

3. Minimum 3000/- balance to be maintained in city/town branch account holder.

4. Minimum 2000/- balance to be maintained in semi urban area branch account holder.

5. Minimum 1000/- balance to be maintained in villages branch account holder

6. If you do not maintain minimum amount in your account, you will pay upto Rs.200/- + extra surcharge.(depending on how many days)

7. SBI ATM free for 5 times use, after 5 times you will pay 10/- per transaction.

8. Other bank ATM free for 3 times use, after 3 times you will pay 20/- per transaction.

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)

12. The failure to maintain Monthly Average Balance (MAb) in accounts will call for a penalty between Rs 50 to Rs 100 plus service tax per month.

13. There will be no charge for UPI/ USSD transactions of up to Rs 1,000. Beyond Rs 1,000, there are charge

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1. The Monthly Average Balance of Rs 5000 in a branch in Metropolitan City then :

Shortfall <=50% = Rs 50/- + Service Tax.

Shortfall >=50-75% = Rs 75/- + Service Tax.

Shortfall > 75% = Rs 100/- + Service Tax

2. The Monthly Average Balance of Rs 3000 in a branch in the Urban area then :

Shortfall <=50% = Rs 40/- + Service Tax.

Shortfall >=50-75% = Rs 60/- + Service Tax.

Shortfall > 75% = Rs 80/- + Service Tax

3. The Monthly Average Balance of Rs 2000 in a branch in the Semi- Urban area then :

Shortfall <=50% = Rs 25/- + Service Tax

Shortfall >=50-75% = Rs 50/- + Service Tax.

Shortfall > 75% = Rs 75/- + Service Tax.

4. The Monthly Average Balance of Rs 2000 in a branch in the Rural area then :

Shortfall <=50% = Rs 20/- + Service Tax

Shortfall >=50-75% = Rs 30/- + Service Tax.

Shortfall > 75% = Rs 50/- + Service Tax

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