News and Press Release - Dated:- 13-3-2018 - Mumbai, Mar 13 (PTI) The State Bank of India today reduced its charges on non-maintenance of an average monthly balance (AMB) in savings account by up to 75 per cent, effective April 1. The charges for non-maintenance of AMB for customers in metro and urban centres have been reduced from a maximum of ₹ 50 per month plus goods and services tax (GST), to ₹ 15 per month plus GST. The above revision will benefit 25 crore bank customers. For semi-urban and rural centres, the charges have been reduced from ₹ 40 per month plus GST to ₹ 12 and ₹ 10 per month plus GST, respectively, the bank said in a release. We have reduced these charges taking into account the feedback and sentiments of our customers, SBI's managing director (retail and digital banking) P K Gupta said. The bank has always focused on keeping the interests of its customers first and this is one of our many efforts towards fulfilling customers'

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