SBI may cut minimum balance limit in savings a/cs to â¹1,000
India's largest lender SBI is planning to bring down the minimum balance limit for savings accounts to â¹1,000 from the current â¹3,000 balance in metros, according to reports. This comes after a Finance Ministry report showed that SBI collected â¹1,771 crore during April-November 2017 as charges from customers who didn't maintain their minimum monthly average balance in their accounts.