State Bank of India (SBI) managing director P.K. Gupta said that the charges for various services offered by the bank were among the lowest in the industry.

Various services offered by the bank, including ATM transactions and cash deposits, come at a cost but the charges have been kept low in the larger interests of customers, he said.

Asked about the rationale for levying charges for non-maintenance of monthly average balance, he said the bank had invested heavily in technological upgrading of systems for providing safe and secure banking facilities.