SBI gives gifts to customers on the occasion of Independence Day

State Bank of India (SBI), the country’s largest bank, has gifted its savings account holders on the occasion of the 74th Independence Day. SBI has exempted its savings account holders from various charges. The SBI gave this information on August 15 through its Twitter account. Accordingly, customers will no longer have to pay a fee for SMS alerts and minimum balance.

The bank has now abolished the charge for service message on the mobile number registered in the customer’s account. Now the customer will not have to pay any charge for this.

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 SBI has divided its branches into three categories.

These include metro-urban, semi-urban and rural areas.

The average minimum balance of SBI for customers in city branches was Rs 3,000. If a customer could not maintain a balance of Rs 3,000 in his account and if his balance was less than 50% i.e. below Rs 1,500, he had to pay Rs 10 as fee and GST. If the balance in your account is below 75% of the minimum balance, you would have to pay a fee of Rs. 15 and GST.

Similarly, SBI account holders were required to maintain a balance of at least Rs 2,000 in semi-urban branches. While in rural branches it was necessary to maintain a balance of at least Rs.1000 in the customer’s account.

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How much was the transaction alert charge?

Giving the account transaction information to everyone by the bank means that the customer can know what transaction i.e. money is being transacted in their account. The bank sends this information to the customer via SMS. But for this, SBI used to charge customers Rs 12 plus GST per quarter.

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