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2.1

Summary

State Bank Of India
Mandeep Singh@boora12
Apr 22, 2017 05:18 PM, 1693 Views
High charges

Recently The country’s largest lender has announced imposing penalty ranging from Rs20-100 on non-maintenance of Minimum Average Balance ( MAB) in savings bank accounts from 1 April. The penalty is as high as Rs500 in case of current accounts. The penalty for breach of MAB is being reintroduced after a gap of five years.

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