State Bank asia, country’s largest public sector lender, has brought in a number of new rules for its customers. The financial institution is becoming world’s 45thlargest lender after merger with five sister banks and Bharatiya Mahila Bank.

SBI’s new norms pertain to minimum balance requirement in savings bank accounts, amended service charges, new service tax rates, renewed locker fees, charges for availing new cheque books and much more, according to Zee News.

Most prominent among these changed rules are based on customers who hold savings accounts at metro, urban, semi-urban and rural branches. The bank makes mandatory repair off minimum balance during these accounts from April 1.

Here is a primer about what the changed rules entail SBI customers to do.

1) From April 1, all SBI savings banking account holders will probably be needed to maintain stipulated minimum balance in their accounts. The financial institution has categorised its customers under metro, urban, semi-urban and rural brackets.

2) The absolute minimum balance requirement of Rs 5,000 has been fixed for an account holder in a branch inside a metro city. Similarly, customers in urban, semi-urban and rural SBI bank branches must maintain Rs 3,000, Rs 2,000 and Rs 1,000 respectively.

3) SBI in addition has formulated new rules for money transactions particularly at its atm booths. Under new rules, an SBI debit card holder is going to be allowed five free transactions at its ATMs. Besides, you will have a fee of Rs 20 to get a fourth transaction for debit card holders of other banks.

The financial institution will start charging Rs 50 after the first three cash deposits from the month. This limit is prescribed for saving bank accounts.
For current members the money transaction charges can be as high as Rs 20,000

In metropolitan areas like Delhi, Mumbai, Chennai and Bengaluru you will see a cost of Rs 100 plus service tax, when the balance goes below 75 % from the minimum average balance.
In the event the account holder is falling short of 50 per cent or fewer from the MAB.

Cash withdrawal from ATMs will be charged following the first three transaction for other banks and first five transactions from SBI ATMs.
The account holder will probably be charged Rs 20 after the three transactions from other bank ATMs and will also be charged Rs 10 for withdrawals from SBI ATMs.
There will be no charge on withdrawals from SBI ATMs if the account holder looks after a minimum balance of Rs 25,000
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Rs 15 will probably be charged for SMS alerts per quarter from bank card holders who find a way to maintain average quarterly balance of up to Rs 25,000 during the 3 months period.
There won’t be any charge for UPI/ USSD transactions of up to Rs 1000.

How can I change my access rights from viewing to full transaction in sbi net banking?

Log in your SBI net bank-account.
Select e-services
Select Upgrade Acces level.
Look into the account number and
select Full Transaction rights. …

However for transactions, OTP will come to the registered mobile number so write that too inside the application for greater details please refer to the SBI online tutorial videos you Tube; pl make sure the tutorial comes from a genuine source namely sbi; don’t furnish any details/credentials, that may be needed, except on sbi online portal; pl exercise caution,

Is your account a account? if yes, then get in touch with the branch or customer service and acquire details;

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