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No Minimum Balance for Savings Accounts in SBI



New Delhi, 9 July 2012: The countrys largest bank, the State Bank of India (SBI), has removed the minimum balance limit for saving banks account. Earlier the savings account customers had to maintain a minimum balance of Rs. 1000/- (for check book holders ) and Rs. 500/- (for non-check book holders).

The facility is available to all existing and new customers.

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