SBI likely to reduce minimum balance requirement

The State Bank of India is reportedly considering reducing the minimum balance requirement for SBI savings account. Following reports that the bank collected Rs 11,772 crore in fees by imposing a penalty for non-maintenance of minimum balance between April and November 2017, the government is now considering bringing down the minimum balance from Rs 3,000 to Rs 1,000.

BY |

OTHER NEWS SHOTS

Read More News Stories