Stop Penalty by State Bank of India for Not Keeping Minimum Balance in accounts
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State Bank of India (SBI) on Thursday said it will be charging defaulters a penalty from April 1st. Making maintenance of Rs 5,000 mandatory for accounts in metropolitan areas, Rs 3,000 in urban areas, Rs 2,000 in semi-urban areas and Rs 1,000 in rural areas will make it hard for lot of people in this country. It will be extremely harsh on poor and lower middle class families.
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