SBI reviewing minimum balance charges for savings accounts

State Bank of India (SBI) said it is reviewing charges for certain categories of accounts for non- maintenance of monthly average balance (MAB) after receiving feedback from customers.

In April this year, the country's largest lender reintroduced charges on non-maintenance of monthly average balance (MAB) after a gap of five years.

"We have received feedback from our customers on the issue and we are reviewing those. The bank will take into account those and make an informed decision," the banks managing director (national banking group) Rajnish Kumar told

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