SBI to fine customers not maintaining balance


India’s biggest bank State Bank of India will fine the account holders if they failed to maintain an average quarterly balance.

The average minimum balance for metro customers will be Rs 5000,Urban areas Rs 3000,Semi-Urban customers Rs 2000 and rural areas Rs 1000.

Those failing to maintain the average balance will have to pay a file between Rs 50 to Rs 100 from April 2017 onwards.