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Total 54 results found. Search for [ non maintenance of minimum balance ]

Results 1 to 21 of 54
BusinessToday.In
October 1, 2019
The number of free cash withdrawals at SBI ATM will now range from 2-15 and the customers are expected to maintain an average monthly balance (AMB), depending on branch categories


BusinessToday.In
September 16, 2019
The State Bank of India has revised service charges for deposits and withdrawal as well as ATM transactions that will kick in on October 1. Here's all you need to know.


Reuters
Mumbai, July 30, 2019
\"There is an auto sales slowdown and we have substantial exposure to autos. We want to stay safe and this was done to mitigate risk and protect us,\" said the SBI official


BusinessToday.In
July 28, 2019
Charges for non-maintenance of minimum balance has been defined by the State Bank of India, ICICI Bank and HDFC Bank on the basis of the location of their branches


Mudit Kapoor
April 25, 2019
The banking ombudsman (BO) has faced some peculiar complaints with regards to banking services like credit cards, ATM transactions, savings account and electronic transactions. Here are some of the cases in which the banks were hauled up


BusinessToday.In
February 13, 2019
They used to be called sneaky or hidden fees. But while all banks clearly list fees for sundry services like SMS alerts, ATM transactions and reward points redemption in their respective charges schedules, they are easy to miss.


BusinessToday.In
New Delhi, January 1, 2019
The forum overruled the SBI's arguments that the complainant was not its customer and that the failure of internet connectivity did not come under its ambit.


BusinessToday.In
New Delhi, August 6, 2018
As many as 21 public sector banks (PSBs) and three major private sector lenders have collected Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18.


BusinessToday.In
New Delhi, August 6, 2018
PM Modi to inaugurate India Post Payments Bank on August 21; govt panel wants localisation of cloud storage data in possible blow to big tech firms; Wipro to move workforce to a new 50-acre campus; and Indian Oil to invest Rs 1.75 lakh cr for expansion, says Chairman Sanjiv Singh. Watch more in this episode of business wrap.


BusinessToday.in
New Delhi, August 6, 2018
Banks collect Rs 5,000 cr as minimum balance penalty in FY 2017-18As many as 21 public sector banks (PSBs) and three major private sector lenders have collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18. Among the PSBs, the State Bank of India emerged the highest earner with Rs 2433 crore penalty - nearly half of the total collection.PM Modi to inaugurate India Post Payments Bank on August 21Prime Minister Narendra...


BusinessToday.In
August 5, 2018
The top five banks in terms of their earnings from non-maintenance of minimum balance fee are SBI, HDFC Bank, Axis Bank, ICICI Bank and PNB.


BusinessToday.In
New Delhi, July 18, 2018
The second largest public bank charged Rs 31.99 crore as a penalty in the first quarter of FY18, Rs 29.43 crore in the second, Rs 37.27 crore in the third and Rs 52.97 crore in the fourth quarter.


BusinessToday.in
New Delhi, March 14, 2018
Aadhaar linking with bank accounts, mobile numbers: SC extends March 31 deadline indefinitelyIn a major relief to those who still haven't linked their Aadhaar cards with bank accounts and mobile numbers, the Supreme Court extended the deadline from March 31 indefinitely till the final judgement in the controversial case. The apex court is hearing the case on the constitutional validity of the government's biometrical identification scheme. However, it is still mandatory to link yo...


BusinessToday.In
New Delhi, March 14, 2018
In the face of the mounting backlash, SBI had initially lowered the MAB requirement threshold and halved the maximum fine applicable. Now SBI customers have even more cause to celebrate.


BusinessToday.In
New Delhi, March 13, 2018
SBI also offers its customers options to convert their regular savings bank account to basic savings bank deposit account free of charge.


PTI
January 5, 2018



BusinessToday.in
January 5, 2018
SBI may change the requirement from monthly average balance to quarterly average balance besides slashing the minimum balance requirement to around Rs 1,000 in metros.


BusinessToday.in
New Delhi, January 4, 2018
Digital transactions rose 6.05% to 1.06 billion in December from 997.1 million in November


PTI
January 2, 2018



BusinessToday.in
January 2, 2018
PSU banks have reportedly collected Rs 2320.96 crore in FY18 so far by imposing a penalty on customers who do not maintain their minimum monthly average balance (MAB). The amount was collected during the April-November 2017 period.


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