SBI Charges

SBI Revised criteria for Monthly Average Balance (MAB) in Savings Bank Accounts and charges for non maintenance of MAB w.e.f 01.10.2017

 

SBI Revised criteria for Monthly Average Balance (MAB)

 

 AreaExisting Monthly Average Area Proposed Monthly 
  Balance     Average Balance 
           
 MetroRs 5,000/-   Metro & Urban    
 UrbanRs 3,000/-     Rs 3,000/- 
          
 Semi UrbanRs 2,000/-   Semi Urban Rs 2,000/- 
 RuralRs 1,000/-   Rural Rs 1,000/- 
           
 Penalty for Non- maintenance of MAB        
     
 Metro Existing Charges   /Proposed Charges / p.m.
    p.m.    
 Shortfall < = 50% Rs. 50/- +GST    
 (MAB ≥ Rs1500/- and < Rs3000/-)    Shortfall <=50%= Rs 30/-
 Shortfall > 50 – 75% Rs. 75/- +GSTShortfall > 50-75% = Rs 40/-
 (MAB ≥ Rs 750 and < Rs 1500/-)    Shortfall > 75%= Rs. 50/-
 Shortfall > 75% (MAB < Rs750/-)  Rs. 100/- +GST plus GST
 Urban         
 Shortfall < = 50%  Rs. 40/- +GST    
 (MAB ≥ Rs1500/- and < Rs 3000/-)        
 Shortfall > 50 – 75%  Rs. 60/- +GST    
 (MAB ≥ Rs 750 and < Rs 1500/-)        
 Shortfall > 75% (MAB < Rs750/-)  Rs. 80/- +GST    
 Semi-Urban        
 Shortfall < = 50%  Rs. 25/- +GSTShortfall <=50%= Rs 20/-
 (MAB ≥ Rs1000/- and < Rs 2000/-)    Shortfall > 50-75% = Rs 30/-
 Shortfall > 50 – 75%  Rs. 50/- +GSTShortfall > 75%= Rs.40/-
 (MAB ≥ Rs 500 and < Rs 1000/-)     plus GST
 Shortfall > 75% (MAB < Rs500/-)  Rs. 75/- +GST    
 Rural         
 Shortfall < = 50%  Rs. 20/- +GST    
 (MAB ≥ Rs500/- and < Rs 1000/-)        
 Shortfall > 50 – 75%  Rs. 30/- +GST    
 (MAB ≥ Rs 250 and < Rs 500/-)        
 Shortfall > 75% (MAB < Rs250/-)  Rs. 50/- +GST    

 

 

The following categories of Savings Bank Accounts are excluded from MAB requirement:

 

  1. Financial Inclusion Accounts

 

  1. No frill accounts

 

  • Salary Package accounts

 

  1. Basic Savings Bank Deposit Accounts

 

  1. Small Accounts

 

  1. Pehela Kadam and Peheli Udaan accounts.

 

  • Minors up to the age group of 18 (Primary Account Holder)

 

  • Pensioners, all categories, including recipients of social welfare benefits
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