Not just on Minimum Balance, SBI has revised charges for many other Services

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SBI Reviesed Charges

After private sector banks like HDFC & ICICI announced cash transaction charges, it is the turn of SBI. SBI has revised charges for most of its services.  

After leading private banks like HDFC & ICICI announced charges on cash transactions, it is the turn of the public sector major SBI to announce a revised list of charges including on non-maintenance of minimum balance and cash transactions.

Charges for Non-maintenance of Monthly Average Balance (MAB)

SBI announced revised charges_image

Explanation of Terms

  • QAB – Quarterly Average Balance
  • MAB – Monthly Average Balance
  • CA – Current Account

Here is a brief snapshot of the other revised charges.

Description Existing Charges Revised Charges
Multi City Cheque Books for Savings Account If QAB < Rs 25,000

50 cheque leaves free per year, thereafter Rs 3 + ST (per leaf)

If QAB >= Rs 25,000

50 cheque leaves free per year, thereafter Rs 2 + ST (per leaf)

If QAB < Rs 1,00,000

25 cheque leaves free per year, thereafter Rs 3 + ST (per leaf)

If QAB >= Rs 1,00,000/-

Free

Senior Citizens

Free (irrespective of QAB)

Multi City Cheque Books for Current Account First 100 leaves free,

thereafter Rs 2 + ST (per leaf)

First 50 leaves free,

thereafter Rs 3 + ST (per leaf)

Account Closure Charges Within 14 days – Nil

From 14 days-upto 6 months –

Rs 255 (individual)

Rs 1019(non – individual)

After 6 months but before 12 months –

Rs 153 (individual)

Rs 509 (non- individual)

Within 14 days – Nil

From 14 days-upto 6 months –

Rs 500 (individual)

Rs 1000 (non-individual)

After 6 months but before 12 months –

Rs 1000 (individual)

Rs 1000 (non- individual)

Balance Certificate Rs 102 Rs 150
No dues Certificate Rs 102 Rs 100 (individual)

Rs 200 (non-individual)

Photo Attestation charges Rs 102 Rs 150
Postal charges Ordinary – Rs 15

Regd/Speed post/courier Rs 36

Ordinary – Actual Expenditure (Min Rs 20)

Regd/Speed post/courier – Actual Expenditure (Min Rs 50)

Collection of Outstation Cheques Up to Rs 5,000 (Rs 28)

From Rs 5,000 – 10,000 (Rs 56)

From Rs10,000 – Rs 1 Lakh (Rs 112)

From Rs 1 Lakh – 5 Lakh (Rs 225)

From Rs 5 Lakh – 10 Lakh (Rs 253)

Above Rs 10 Lakh (Rs 281- Max)

Up to Rs 10,000 (Rs 50)

From Rs10,000 – Rs 1 Lakh (Rs 100)

Above Rs 1 Lakh (Rs 200)

NEFT Charges (through Net Banking) Up to Rs 10,000 (Rs 2)

From Rs10,000 – Rs 1 Lakh (Rs 4)

From Rs 1 Lakh – 2 Lakh (Rs 12)

Above Rs 2 Lakh (Rs 20)

No Change
RTGS Charges (through Net Banking) From Rs 2 Lakh – 5 Lakh (Rs 25)

Above Rs 5 Lakh (Rs 45)

No Change
IMPS/UPI Charges Up to Rs 1,000 – Nil

From Rs 1,000 – 10,000 (Rs 2)

From Rs10,000 – Rs 1 Lakh (Rs 4)

From Rs 1 Lakh – 2 Lakh (Rs 12)

No Change
Number of Cash Transactions in a Month (Savings Account)  3 transactions free

Beyond 3 Transactions in a month

Rs 50 per Transaction

No Change
Issue of Demand Draft/ Bankers’ Cheque Up to Rs 5,000 (Rs 10)

From Rs 5,000 – 10,000 (Rs 41)

From Rs10,000 – Rs 1 Lakh (Rs 51 minimum or Rs 3 per thousand)

From Rs 1 Lakh – 5 Lakh (Rs 306 minimum or Rs 3 per thousand)

Up to Rs 5,000 (Rs 25)

From Rs 5,000 – 10,000 (Rs 50)

From Rs10,000 – Rs 1 Lakh (Rs 60 minimum or Rs 5 per thousand)

Above Rs 1 Lakh (Rs 600 minimum or Rs 4 per thousand)

Maximum Rs 2000

Locker (Small) Metro/Urban – Rs 1100

Semi-Urban/Rural – Rs 800

Metro/Urban – Rs 1500

Semi-Urban/Rural – Rs 1000

Locker (Medium) Metro/Urban – Rs 2800

Semi-Urban/Rural – Rs 1800

Metro/Urban – Rs 3000

Semi-Urban/Rural – Rs 2000

Locker (Large) Metro/Urban – Rs 6000

Semi-Urban/Rural – Rs 5000

No Change
Locker (Extra Large) Metro/Urban – Rs 8000

Semi-Urban/Rural – Rs 7000

Metro/Urban – Rs 9000

Semi-Urban/Rural – Rs 7000

Locker Visit Charges 12 Visits Free

thereafter Rs 100 per visit

No Change
Debit Card Issuance Charges Classic – Nil

Global – Nil

Gold –Nil

Platinum – Rs 306

Classic – Nil

Global – Nil

Gold – Rs 100

Platinum – Rs 300

Debit Card Annual Maintenance Charges Classic – Rs 100

Global – Rs 150

Gold –Rs 150

Platinum – Rs 200

Classic – Rs 125

Global – Rs 175

Gold –Rs 175

Platinum – Rs 250

Debit Card Replacement Charges Classic – Rs 204

Global – Rs 204

Gold – Rs 200

Platinum – Rs 200

Classic – Rs 300

Global – Rs 300

Gold – Rs 300

Platinum – Rs 300

 

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