SBI announces penalty for non maintenance of minimum balance from April 1

State bank of india (SBI) announced yesterday that from april 1st SBI account holders will be penalize for not maintaning minimum balance in their accounts.And for metropolitan areas,the minimum balance will be Rs,5000 and its mandatory.In urban and rural areas the charges will be 2000 to 3000 respectively.Where as in the semi-urban areas 2000 to 1000. SBI also mentioned that these charges will be based on difference between minimum balance and the shortfall.If there is shortfall in metropolitan areas their will be more than 75%,the charges would be Rs.100 plus service tax.http://www.thebankinfo.com/blog/post/sbi-announces-penalty-for-non-maintenance-of-minimum-balance-from-april-1

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