SBI Minimum Balance 2023-Rural, Semi Urban and Urban

SBI Minimum Balance 2023: Here’s How Much Minimum Balance Required in Savings Account, Penalty, Interest Rate, and Closing Charges., Rural-Rs. 1000, Semi Urban-Rs. 2000 & Urban-Rs. 3000. Except for the Minors account and the BSBDA-Small Account, there is no limit on how much you can have in a Savings Bank account.

sbi minimum balance
SBI minimum balance

Minimum balance in SBI bank savings account

A savings account holder at any bank gets many benefits as per bank rules, such as interest on their money, safety, and ease of use. But in order to get all of these services from the bank, a savings account holder needs to keep in mind some terms and conditions as per the Bank. A person must keep a certain amount in their savings account at all times. Most banks keep this minimum amount the same, but some banks may change it.

Average Minimum Balance (AMB) in Rupees.

  • Rural – 1000
  • Semi Urban – 2000
  • Metro or Urban – 3000

SBI Current Account Minimum Balance

  • The Low Monthly Average Balance is Rs 5,000.
  • Free Cash Deposit upto Rs 5,00,000/- per Month.
  • Convenience to withdraw and deposit cash at all 22000+ SBI Bank branches.

SBI PMJDY Account Minimum Balance and Maximum Withdrawal Limit

The maximum balance must not exceed Rs 50,000 at any time. In a month the total debit by cash withdrawals should not surpass Rs. 10,000. There is no need to maintain any minimum balance in PMJDY accounts.

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