.png)
The State Bank
of India on Thursday notified its customers that cheque books and India
Financial System (IFS) code of six of its subsidiary banks would be invalid
from September 30 and asked them to submit new applications.
These banks are —
Bank of Patiala, State Bank of Bikaner and Jaipur, State Bank of Raipur, State
Bank of Travancore, State Bank of Hyderabad and Bhartiya Mahila
Bank.
Earlier in April,
these banks had merged with SBI, which put SBI among the top 50 banks
in the world, reported Money Control.
The State Bank of India tweeted:
The State Bank of India tweeted:
The bank is also
examining customer feedback over the charges for non-maintenance of monthly
balance in their accounts, reported Business Today.
Earlier in
April, SBI had retrieved charges for non-maintenance of monthly
average balance (MAB) after 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,"
Rajnish Kumar, the banks managing director (national banking group), told PTI.
On the minimum balance
issue, Kumar also said that there could be a change in policy, especially for
senior citizens and students who have an account with SBI.
MAB for metro
branches were raised to Rs 5,000 and penalty for for non-maintenance of minimum
balance was decided to be kept between Rs 50 and Rs 100. For urban and
semi-urban branches, it was fixed at Rs 3,000 and Rs 2,000 respectively
No comments:
Post a Comment