Tag: average monthly balance

RBI can sell USD 25 bn more to arrest rupee fall: SBI report

SBI slashes charges on minimum balance in accounts

New Delhi: Country’s largest lender State Bank of India (SBI) has substantially reduced charges for non-maintenance of average monthly balance (AMB) in savings accounts, which would benefit 25 crore banks’ customers, an official statement said here on Tuesday. The revised charges would be effective from April 1, 2018. This step[Read More…]

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