State Bank of India (SBI) has chosen to get rid of the upkeep of Average Monthly Balance (AMB) for all investment funds bank (SB) records and cut the loan fee on these records to 3 percent from 3.25 percent. Further, it has postponed SMS charges imposed on a quarterly premise.
State Bank of India (SBI) has chosen to get rid of the upkeep of Average Monthly Balance (AMB) for all investment funds bank (SB) records and cut the loan fee on these records to 3 percent from 3.25 percent. Further, it has postponed SMS charges required on a quarterly premise.
Currently, customers need to maintain an average balance of Rs 3,000 in a metro region, Rs 2,000 in semi-urban areas, and Rs 1,000 in rural areas.
Cuts deposit rates on savings bank accounts.
