SBI Saving Account Minimum Balance Limit & Charges

SBI is the biggest bank in India and has the largest customer base. The wide network of the State Bank of India even in remote areas of the country makes it one of the most popular banks in the country as well. SBI has already introduced the Minimum Average Balance rules for all the account holders but not everyone is aware of it. The Minimum Average Balance is the average balance that a customer has to keep in the Savings account in order to avoid penalties.

SBI has already specified the Minimum Average Balance rules in accordance with the type of branches.

Type of Branches

SBI has segregated the branches into four types. Metro, Urban, Semi-Urban, and Rural are the branch types under the State Bank of India. The rules of Minimum Average Balance and the penalties differ from one branch to another. Here is the detail explanation of the MAB (Minimum Average Balance) and penalties.

Metro and Urban Branch Type

Any person holding a Savings Account in the Metro Branch has to keep INR 3000 MAB per month. The MAB is fixed for the account holders but the penalties may differ. The penalty charges for the Metro Branches are INR 30-INR 50 excluding the GST, depending on the shortfall.

So, if the customer misses the MAB target by shortfall less than 50% then the penalty is INR 30 and the GST.

If the customer misses the MAB target by Shortfall less than 50%-75% then the penalty is INR 40 and the GST.

If the customer misses the MAB by shortfall more than 75% then the penalty has been decided as INR 50 plus the GST.

Semi-Urban Branch Type

The MAB for the Semi-Urban Branch type has been decided as INR 2000 per month. The penalty is however variable between INR 20 to INR 40.

If the customer misses the MAB target by a shortfall of less than 50% then the penalty is INR 20 plus GST.

If the customer misses the MAB target by the shortfall between 50%-75% then the penalty is INR 30 plus the GST.

If the customer misses the MAB target by a shortfall of more than 75% then the penalty is INR 40 plus GST.

Rural Branches

The MAB for the rural branch is INR 1000. Like others, the penalty is variable and is between INR 20 to INR 40.

If the customer misses the MAB target by a shortfall of less than 50%, then the penalty is INR 20 plus the GST.

If the customer misses the target of the MAB by a shortfall in the range of 50%-75% then the penalty will be levied as INR 30 plus the GST.

Finally, if the shortfall is more than the 75% then the penalty levied will be INR 40 plus the GST.

No Minimum Average Balance Account

SBI also provides accounts that are exempted from the MAB and penalty rules. These are called as the Basic Savings Bank Account. Financial Inclusion accounts, No frill accounts, Salary Package accounts, Small accounts are few of the Basic Savings account.

Here is a small table for the SBI Minimum Balance:

Branch Type	MAB (INR)	Penalty: Shortfall less than 50% (INR)	Penalty: Shortfall between 50%-75% (INR)	Penalty: Shortfall more than 75% (INR)
Metro	3000	30+GST	40+GST	50+GST
Urban	3000	30+GST	40+GST	50+GST
Semi-Urban	2000	20+GST	30+GST	40+GST
Rural	1000	20+GST	30+GST	40+GST