State bank of India (SBI) recently announced that, w.e.f. 1 Apr, 2017 it will impose penalty on the accounts Closure Charges.

According to new Rules of SBI, if you want to close your account within 14 days of opening an account then you have to pay NIL Charges but after 14 days you have to pay 550 + ST for Saving Account and 1000 + ST for Current Account.

they already increased the Monthly Average Balance 1000 to 5000 for metro cities. then why are you charging for Close an account.

if someone is tired of your services then why are you charging. this will definitely impact on Students and other peoples. this is your argument instead you don't want to leave your customers.

All charges increased by SBI but the interest rate is still on same that is 4% year.

the recently announcement by UP Government has put SBI in loss of around 6000 crores so this is the preparation to recovery the loss amount from 31 crores customers.

from- Helpless Customers of SBI