If you have been upset about the charges imposed by public-sector banks for various reasons including non-maintenance of minimum balance, there is some relief. Current chargesLike other banks, SBI imposes penalties on non-maintenance of average monthly balance (AMB) in most savings account. In metro cities, the minimum balance you need to maintain is Rs3,000; it is Rs2,000 in semi-urban branches; and Rs1,000 in rural branches. The Jan Dhan Yojana accounts and Basic Savings Bank Deposit Accounts, also called no-frills accounts, are exempt from minimum balance requirements. AMB is calculated by taking into account the balance maintained in an account on all the days of the month.

Source: Mint March 13, 2018 12:00 UTC