India’s largest PSB is also one which has the one of the highest service charges. There has been an added stipulation of maintenence of average monthly minimum balance of ? for metro cities.
Non maintence of this will lead to high penalties. The minimum balance is different for cities, metroes and villages. With villages having minimum balance requirement of their pan India presence makes them one of the country’s most accessible banks.
There is a penalty of cash deposit of more than 3 times a month. Their surcharges are also quite high. With the merger of its 5 associate banks, it is now one of the biggest 50 global banks.