New Rules Of State Bank Will Be launched from 1st april 2018

1 April is near and then the new finance year 2018-19 will start. With this, some new rules of SBI will be implemented. In fact, SBI has made some changes in interest rates, penalties, etc. which will be effective from 1st April 2018. You need to know them so that you do not have to face problems in the new financial year. Let us tell you about the same 3 changes, which the bank is going to implement in the new fiscal year.

New penalty on Minimum Balance of Savings Account

SBI has reduced penalties for not maintaining Monthly Hours Balance (MAB) in Savings Account by 75 percent. Now, any customer will not have to pay more than 15 rupees plus GST penalty. So far it was a maximum of 50 rupees plus GST. Bank customers will get the benefit of reduced penalty from April 1. SBI's decision will benefit 25 million subscribers. The 15 rupees penalty is now for SBI customers in metro and urban areas. At the same time, for the semi-urban and rural areas, the penalty has been reduced from Rs 40 per GST to Rs 12 and Rs 10 plus GST.

Canceled checks of associate banks will be canceled

Its associate banks merged with SBI, State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP), State Bank of Travancore (SBT) and Indian Women bank checks will not work after March 31. The bank has repeatedly warned about this. SBI has also asked all these banks and their customers to issue new checkbooks till March 31

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