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Government asks SBI to reconsider it’s decision of imposing a penalty on Non–Maintenance of Balance in accounts from 1st April

Today Government asks SBI State Bank of India to reconsider it’s decision of imposing a penalty on Non – Maintenance of Monthly Average Balance (MAB) in accounts effective from 1st April.

It urges banks, including private ones, to reconsider service charges on cash transactions and ATM withdrawals above certain limit.

As per source.