India's largest public sector bank has over 42 crore customers and the bank has been working on many things to engage with the customers facing any issues related to banking and transactions. The bank has been clarifying over charges levied on saving or current accounts time and again.

Here are different types of service fee and penalty charges levied by SBI:

For SBI customers, there are no account opening and closure charges, according to the website of the lender- sbi.co.in.

Here are the various charges of SBI's ATM cards as stated on bank's website:

Penalty charges for non-compliance of minimum balance rule

Customers holding regular savings accounts with the bank are required to maintain a monthly average balance (MAB) to the tune of Rs. 1,000-3,000, which varies depending on branch location. The penalty charge for not maintaining the required MAB in SBI's metro and branches ranges from Rs. 10 plus GST (goods and services tax) to Rs. 15 plus GST, according to the bank's website.

(As mentioned on sbi.co.in)

Customers with accounts in semi-urban areas are required to maintain an average monthly balance of Rs. 2,000. The lender charges a penalty amount ranging from Rs. 7.5 plus GST to Rs.12 plus GST from customers failing to comply with the minimum balance rules in its semi-urban branches.

(As mentioned on sbi.co.in)

Customers holding an account in rural branch are required to maintain a monthly average balance of Rs. 1,000. The lender charges penalty to the tune of Rs. 5-10 plus GST for non-compliance with the monthly average balance rules in these branches.

(As mentioned on sbi.co.in)

Instant money transfers service charges

SBI offers instant money transfer facilities such as Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT). IMPS is an instant interbank electronic fund transfer facility that allows customer to transfer funds on a 24x7 basis and 365 days of the year. Here are the IMPS charges levied by SBI as mentioned on its website:

(As mentioned on sbi.co.in)

National Electronic Funds Transfer or NEFT is a nation-wide payment system that enables electronic transfer of funds. Here are the NEFT charges levied by SBI as mentioned on its website:

(As mentioned on sbi.co.in)

India's largest public sector bank has over 42 crore customers and the bank has been working on many things to engage with the customers facing any issues related to banking and transactions. The bank has been clarifying over charges levied on saving or current accounts time and again.

Here are different types of service fee and penalty charges levied by SBI:

For SBI customers, there are no account opening and closure charges, according to the website of the lender- sbi.co.in.

Here are the various charges of SBI's ATM cards as stated on bank's website:

Penalty charges for non-compliance of minimum balance rule

Customers holding regular savings accounts with the bank are required to maintain a monthly average balance (MAB) to the tune of Rs. 1,000-3,000, which varies depending on branch location. The penalty charge for not maintaining the required MAB in SBI's metro and branches ranges from Rs. 10 plus GST (goods and services tax) to Rs. 15 plus GST, according to the bank's website.

(As mentioned on sbi.co.in)

Customers with accounts in semi-urban areas are required to maintain an average monthly balance of Rs. 2,000. The lender charges a penalty amount ranging from Rs. 7.5 plus GST to Rs.12 plus GST from customers failing to comply with the minimum balance rules in its semi-urban branches.

(As mentioned on sbi.co.in)

Customers holding an account in rural branch are required to maintain a monthly average balance of Rs. 1,000. The lender charges penalty to the tune of Rs. 5-10 plus GST for non-compliance with the monthly average balance rules in these branches.

(As mentioned on sbi.co.in)

Instant money transfers service charges

SBI offers instant money transfer facilities such as Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT). IMPS is an instant interbank electronic fund transfer facility that allows customer to transfer funds on a 24x7 basis and 365 days of the year. Here are the IMPS charges levied by SBI as mentioned on its website:

(As mentioned on sbi.co.in)

National Electronic Funds Transfer or NEFT is a nation-wide payment system that enables electronic transfer of funds. Here are the NEFT charges levied by SBI as mentioned on its website:

(As mentioned on sbi.co.in)