SBI has made many changes recently after demonetization and GST, the bank has charges penalty up to Rs 100 (excluding GST of 18 per cent) per month for not maintaining the minimum monthly average balance in savings bank accounts.
SBI Minimum Balance for Saving Account
If you have SBI savings account in metro city branches, you need to maintain a MAB of Rs 5,000. If the MAB during a month comes out to be between zero and Rs.1,500, which is a shortfall of more than 75 per cent, a non-maintenance charge of Rs 100 plus taxes will be levied, if the average balance within Rs. 1,500 to Rs. 2,500 a charge of Rs. 75 plus taxes will be levied.
Same way, for account holders in urban areas other than metros, semi-urban and rural areas, the MAB requirements are Rs. 3,000, Rs. 2,000 and Rs. 1,000 respectively and the charges are almost same as above.
SBI ATM withdrawal charges
In metros, State Bank of India allows eight free ATM transactions (5 at SBI ATMs and 3 at ATMs of other banks), and 10 in non-metros (5 at SBI ATMs and 5 at ATMs of other banks). If you exceed the free limit on ATM withdrawal, a charge of Rs 20 plus taxes will be levied for each withdrawal. However, customers who has Basic Savings Bank Deposit Account, only four withdrawals in a month are allowed free of charge.
Beyond 4 free limit, Rs 50 plus taxes will be charged. Rs 20 will be charged if you withdraw at other bank ATMs and Rs 10 will be levied for withdrawing money at SBI ATMs.