SBI justifies penalty on non-maintenance of minimum balance in savings a/c; says need money to bear Jan Dhan costs
Facing a backlash for levying penalty on non-maintenance of minimum balance in accounts, SBI on Wednesday justified its move saying the bank needs to impose some charges to balance the "burden" of managing a large number of no-frills Jan Dhan accounts.
Mar 08, 2017, 19:15 PM IST
SBI to hike minimum balance for savings a/c; hit 31 crore people
State Bank of India has decided to increase manifold the minimum balance required for maintaining savings account from April 1, hitting 31 crore depositors including pensioners and students.
Mar 06, 2017, 18:46 PM IST
