State Bank of India (SBI) closes 41.16 Lakh Savings Accounts
  • Contact Us
  • Privacy Policy
  • Disclaimer
Tuesday, May 24, 2022
Vizag
  • Magazine
  • News
  • People
  • Food & Drink
  • Opinion
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • Beach in
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join NowTelegram Channel
No Result
View All Result
  • Magazine
  • News
  • People
  • Food & Drink
  • Opinion
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • Beach in
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join NowTelegram Channel
No Result
View All Result
Yo Vizag
No Result
View All Result
Home News/City Updates

SBI closes 41.16 lakh Savings Accounts

14/03/2018
in News/City Updates
Reading Time: 2 mins read
0
banks, strike

State Bank of India

Share on FacebookShare on TwitterShare on WhatsAppShare on TelegramShare on Email

An RTI (Right to Information) query revealed that the State Bank of India (SBI) has closed 41.16 lakh savings accounts from the months of April to January in the current fiscal year. The accounts were closed because of the non-maintenance of the minimum balance.

During April last year, SBI had re-introduced the penalty charges on non-maintenance of average monthly balance. Though later in October, it had revised down the charges to some extent.

“Due to provisions of penalty on non-maintenance of minimum balance, the bank has closed 41.16 lakh savings bank accounts between 1 April 2017 and 31 January 2018,” the bank replied to an RTI query filed by Chandra Shekhar Gaud from Neemuch in Madhya Pradesh.

However, on Tuesday, SBI brought down its charges for non-maintenance of minimum balance by up to 75% from a maximum of Rs 50 per month plus taxes at 18% to Rs 15. For urban and metro customers, the average monthly balance is of Rs 3,000 per month. For semi-urban and rural centers, the charges have been reduced from Rs 40 to Rs 12, and Rs 10 respectively.

“We have reduced these charges taking into account the feedbacks and sentiments of our customers. Bank has always focused on keeping the interests of its customers first and this is one of our many efforts towards fulfilling customer expectations. Bank also offers its customers to shift from regular savings bank account to BSBD account on which no charges are levied,” P K Gupta, MD – Retail and Digital Banking, SBI was quoted as saying.

The minimum balance requirement in the savings account is Rs 2,000 for urban areas, while the same for rural centres is Rs 1,000. The bank has currently offered its customers the option to shift from regular savings accounts to BSBD accounts on which no charges are levied.

Tags: bank accountsBanksRTISBIstate bank of india
Share113Tweet65SendShareSend

Related Posts

Vizag City Police arrests the accused in a failed ATM theft in quick time
News/City Updates

Vizag City Police arrests the accused in a failed ATM theft in quick time

02/09/2021
Banks in Visakhapatnam to remain only until 1 PM amid spread of coronavirus
News/City Updates

Banks in Visakhapatnam to remain only until 1 PM amid spread of coronavirus

28/07/2020 - Updated on 29/07/2020
atm, visakhapatnam
News/City Updates

Fire breaks out at an ATM in Visakhapatnam

25/01/2019
msme, vizag
News/City Updates

Exclusive MSME park for the defence sector to be set up in Vizag

18/07/2018
Load More

Discussion about this post

Popular Posts

  • Top 8 Malayalam movies on Amazon Prime Video you must watch

    8 brilliant Malayalam movies you must watch on Amazon Prime Video

    33475 shares
    Share 13390 Tweet 8369
  • Bigg Boss 4 Telugu: Voting numbers of contestants nominated for elimination in fourth week

    16867 shares
    Share 6746 Tweet 4217
  • Former TTD head priest Srinivasa Deekshitulu passes away due to COVID-19

    15228 shares
    Share 6091 Tweet 3807
  • 10 Indian web series on Amazon Prime, Netflix and other OTTs that you must watch

    14406 shares
    Share 5771 Tweet 3598
  • 5 Halloween movies and series on Netflix that promise a thrilling October

    12111 shares
    Share 4844 Tweet 3028
Vizag

With a distinction of being the oldest lifestyle magazine in Andhra Pradesh, Yo! Vizag has been catering engaging content to its readers for the past 10 years. From covering various happenings in the city to providing entertaining content, we keep our followers hooked day in and day out. Stay tuned to Yo! Vizag to get your daily capsule of news and entertainment.

  • Contact Us
  • Privacy Policy
  • Disclaimer

Recent Posts

Visakhapatnam Collector inspects Rushikonda mining as per NGT orders

Visakhapatnam Collector inspects Rushikonda Hill as per NGT orders

by Team Yo! Vizag
21/05/2022
0

...

Bank fraud of Rs 90,000 in Anakapalli in deceit of COVID-19 compensation

Bank fraud of Rs 90,000 in Anakapalli in deceit of COVID-19 compensation

by Team Yo! Vizag
21/05/2022
0

...

Visakhapatnam port beats previous single-day cargo handling records

Visakhapatnam Port Authority beats previous single-day cargo handling records

by Team Yo! Vizag
21/05/2022
0

...

© 2020 DSA Media Publications - Brewed with ♥ by ideafirst

No Result
View All Result
  • Magazine
  • News
  • People
  • Food & Drink
  • Opinion
  • Entertainment
  • Lifestyle
  • More
    • Covid-19
      • Important Helpline Numbers
      • Hospitals in Vizag
      • Donate Plasma
    • Heritage
    • Travel
    • Beauty & Wellness
    • Behind The Name – Vizag
    • Buddhist Sites In Vizag
    • Places To See In Vizag
    • Religious Places
    • Beach in
    • Vintage Vizag
    • Visakhapatnam Pincode
    • Vizianagaram Pincode List
  • Join Now

© 2020 Yo Vizag - Brewed with ♥ by ideafirst.

Posting....