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SBI minimum balance for savings account

Admin2 years ago2 years ago02 mins

The State Bank of India (SBI) is the largest public centralized bank in India and 2nd in the list of 10 largest banks in India by its market capitalization. It is India’s most popular bank and has 24000+ branches in the country.

TypePublic Bank (Government of India)
IndustryBanking and Financial Services
Founded2nd June 1806 – Bank of Calcutta
27th January 1921 – Imperial Bank of India
1st July 1955 – State Bank of India
2nd June 1956 – Nationalisation
Key Person (CEO)Dinesh Kumar Khara
HeadquartersMumbai – India
Area servedWorldwide
ProductsConsumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards
Asset41,15,35,84,50,000.00 Indian Rupee (US $55.02 B)
Number of Branches24000 branches in India & Over 190 offices in 35 countries across the world
Number of ATMs59,000+
Number of Employees2,57,000+
Official Websitehttps://sbi.co.in

SBI Bank minimum balance requirements:-

Previously SBI savings bank customers need to maintain an average monthly balance of Rs 3,000 in the metro, Rs 2,000 in Semi-urban, and Rs 1,000 in rural areas. Now, the State Bank of India has decided to waive off maintenance of the Average Monthly Balance (AMB) for all Savings Bank Accounts.

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