SBI has been evolving to the new heights in terms of customers, share value and in technology wise. It is satisfying the customers’ needs in various forms like providing facility to save money in the banks etc. the valued customer not only grabs all the opportunities provided but also they can feel comfort and security. Here are some SBI Updates 2018. Recently the bank has been updated with many features like sbi anywhere, sbi freedom mobile apps etc for the mobile banking customers. This is a great feature for the Indian customers that enhance the usability and safe transactions through fingertips.
SBI Minimum Balance
SBI Reduced minimum balance charges those who do not maintain the same 2 days ago. Months ago the banks in India increased the minimum balance penalty for all their customers. Those who do not maintain the balance properly in their accounts, they should pay the penalty without fail. The charges vary from location. That means the charges are high in urban areas and it is low in rural areas. The minimum balance also varies according to the area of the branch.
Now: 15 Rs.
Before: 50 Rs.
“Due to provisions of penalty on non-maintenance of minimum balance, the bank has closed 41.16 Lakh savings bank accounts between April 1, 2017, and January 31, 2018”.
The State Bank has 41 crore savings bank accounts. Of that, 16 crores are under the Pradhan Mantri Jan Dhan Yojana/basic savings bank deposit (BSBD) and of the pensioner, minors, social security benefit holders which are all exempted from the penalty for not maintaining of the minimum balance.
State Bank of India (SBI) is likely to drag five Kolkata-based companies, including Burnpur Cements -1.92 % and four Patni group entities, to the National Company Law Tribunal for insolvency proceedings over Rs 3,250 crore in unpaid loans.
SBI is to tighten gems & jeweler sector borrowing norms. SBI has reviewed all loans given to jewelers in the wake of the Nirav Modi scam to find out whether adequate safeguards were taken while giving the loan.
SBI Harsh Decisions
Banks are harsh towards its customers who are only common people that suffer from their actions these days. This is the biggest mistake and wrong approaches the banks towards its valued customers. This is all because you all know that the big fishes across the country deceiving the banks by taking thousands of crores of money from the various banks. Look for SBI Updates 2018 here. You have to be taken care of all these consequences for your account and your hard earned money while depositing into the banks in India.
Common Man is Victim of State Bank of India & other Banks
I am also a victim of the bank sbi. They punished me with low balance penalty, unnecessary charges without prior notice etc. recently the bank debit 145 Rs from my account. They do not mention any of the cause for this. Isn’t it a bad thing? Every Indian blood boils if their money withdraws from the account without permission and information. I can say that the bank’s activities will affect the Indian government at the time of elections. So, the NDA government should take care of the Indian common citizen and should never repeat this kind of behavior from banks. Else all the banks and the governments pay the heavy price for the same.