The country's largest bank of India (SBI) has given relief to millions of customers. Bank has cut penalties heavily on non-maintenance of account balance. Reduction of bank charges by up to 75% This reduction will be applicable to a savings account. The new rate will be applicable from 1 April 2018. Now, no customer will have to pay more than Rs 15 per penalty. So far this was more than 50 rupees.New Delhi: The country's largest bank of India (SBI) has given relief to millions of customers. Bank has cut penalties heavily on non-maintenance of account balance. Reduction of bank charges by up to 75% This reduction will be applicable to a savings account. The new rate will be applicable from 1 April 2018. Now, no customer will have to pay more than Rs 15 per penalty. So far this was more than 50 rupees.
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