SBI new rules come to effect from today – Know all about minimum balance charge in metros, urban, rural and more

New Delhi: After a gap of five years, State Bank of India has decided to reintroduce penalty on non-maintenance of minimum balance in accounts from April 1, and revised charges on other services, including ATMs.

The country's largest bank will permit savings bank account holders to deposit cash three times a month free of charges and levy Rs 50 plus service tax on every transaction beyond that.

In case of current account, the levy could go as high as Rs 20,000.

Check out the following chart and know about the new changes.

Here is what you should know about Cheque books

Chart sourced from SBI Website