In accordance with a recent update in RBI policy, effective 1st April 2015 we have revised our fee structure

keeping in mind
what is most suitable for you.
Service Fee in case of Non-Maintenance of Minimum Balance Threshold
Branch Classification
Domestic
Prime
Segment
(excluding
SBFTS,
SBSPA &
SBKRI)

Existing

New

Existing
Prime Plus
(SBPRP)*

New
Existing

Future Star
(SBFTS)**

New
Existing

Senior
Privilege
(SBSPA)***

New
Existing

Krishi
Savings
Account
(SBKRI)

New

Existing
NRI
Segment

New

Metro/Urban

Semi Urban

Rural

Rs 250 per month

Rs 250 per month

Rs 750 per Half Year

Rs 5 per Rs.100 of the

shortfall from Average
Monthly Balance
Requirement OR Rs 350,
whichever is lower

Rs 5 per Rs.100 of the shortfall

from Average Monthly
Balance Requirement OR Rs
250, whichever is lower

Rs 5 per Rs.100 of the shortfall

from Average Half-Yearly
Balance Requirement OR Rs
750, whichever is lower

Rs 250 per month

NA

NA

Rs 5 per Rs.100 of the

shortfall from Average
Monthly Balance
Requirement* OR Rs 350,
whichever is lower

NA

NA

Rs 100 per month

Rs 500 per Half Year

Rs 5 per Rs.100 of the shortfall

from Average Monthly
Balance Requirement* OR Rs
100, whichever is lower

Rs 5 per Rs.100 of the shortfall

from Average Half-Yearly
Balance Requirement* OR Rs
500, whichever is lower

Rs 500 per Quarter

Rs 500 per Quarter

Rs 750 per Half Year

Rs 5 per Rs.100 of the

shortfall from Average
Quarterly Balance
Requirement** OR Rs 500,
whichever is lower

Rs 5 per Rs.100 of the shortfall

from Average Quarterly
Balance Requirement** OR Rs
500, whichever is lower

Rs 5 per Rs.100 of the shortfall

from Average Half-Yearly
Balance Requirement** OR Rs
750, whichever is lower

Rs 100 per month

Rs 5 per Rs.100 of the
shortfall from Average
Monthly Balance
Requirement* OR Rs 100,
whichever is lower

Rs 500 per Half Year

Rs 500 per Half Year

Rs 500 per Half Year

Rs 5 per Rs.100 of the

shortfall from Average HalfYearly Balance Requirement
OR Rs 500, whichever is
lower (NA for Metro
locations)

Rs 5 per Rs.100 of the shortfall

from Average Half-Yearly
Balance Requirement OR Rs
500, whichever is lower

Rs 5 per Rs.100 of the shortfall

from Average Half-Yearly
Balance Requirement OR Rs
500, whichever is lower

Rs 250 per month

Rs 250 per month

Rs 250 per month

Rs 5 per Rs.100 of the

shortfall from Average
Monthly Balance
Requirement OR Rs 350,
whichever is lower

Rs 5 per Rs.100 of the shortfall

from Average Monthly
Balance Requirement OR Rs
350, whichever is lower

Rs 5 per Rs.100 of the shortfall

from Average Monthly Balance
Requirement OR Rs 350,
whichever is lower

*SBPRP has a TRV eligibility of Rs.5 lakh across Savings A/c and TD (minimum for 6 months)
**SBFTS has a TRV eligibility of Rs. 25,000 across TD (minimum for 6months)or Rs. 2000 RD (minimum 1 year)
***SBSPA has a TRV eligibility of Rs.1 lakh across Savings A/c and TD (minimum for 6 months)
Important Points to Note:
There is no change in existing Average Balance requirement
Premium Accounts like Priority & Burgundy, Defence, Salary, Basic Savings (SBBSA) & Small Basic Savings (SBSML),
Salary accounts (SAPPR, SAPPL, SAPPM), Ladies First Card (SBWMN), Farmer Savings Account (SBEZ4) and Youth
Savings (SBYTH) currently do not have an average balance non-maintenance fee structure and hence are not part of
the proposed change
As per the guidelines, the customers who have not maintained the required minimum balance threshold for a
monthly/quarterly/half yearly cycle would be sent an intimation of the same on their mobile number or e-mail address
or physical address as registered with the Bank, at the end of their respective cycle.

Their monthly/quarterly/half yearly balances would be then reviewed post a month of their respective charge cycle,
and in the event of non-maintenance again the service fee would be applied
Above change are applicable for all Non Premium Domestic/NRI Savings products wherein Non Maintenance Service
Fee is currently applicable which includes:- Easy Access (SBEZY), Womens Savings (SWEZY/SBSMT), Prime Savings
(SBPRM), Prime Plus Savings (SBPRP), Krishi Savings (SBKRI), Future Stars Savings (SBFTS), Senior Privilege Savings
(SBSPA/SSEZY), Inaam Account (PBTHF), Special Accounts (SBAGT/SBGLT/SBSPL/SBWDN/SBEZ3/SBSA3/SBSA3/ZSBF/SBRMT), Trust & SB Govt and NRI Savings schemes:- NRE Savings(SBNRE), NRO Savings (SBNRO), NRO Savings
account for Bangladeshi Nationals (NROBN), NRO Savings Account for Foreign National Students (NROFS), Inaam NRE
(NRTHE), Inaam NRO (NRTHO), NRE Prime Savings (NREPM), NRO Prime Savings (NROPM), NRE Mariner Savings
(NREMA) and NRO Mariner Savings (NROMA)
The balances across various accounts held under the same NRI Customer ID are consolidated to arrive at the average
balance maintained by the customer. The schemes wherein this process is applicable are NRE Savings (SBNRE), NRO
Savings (SBNRO), NRO Savings account for Bangladeshi Nationals (NROBN), NRO Savings Account for Foreign National
Students (NROFS), Inaam NRE (NRTHE), Inaam NRO (NRTHO), NRE Prime Savings (NREPM), NRO Prime Savings
(NROPM), NRE Mariner Savings (NREMA), NRO Mariner Savings (NROMA), NRI Salary Savings (NRISL), NRI Mariner
Salary (SBMIA), NRE Current Account (CANRE), NRO Current Account (CANRO).

Example: If the Customers Savings account has an Average Monthly Balance Requirement (AMB) of Rs.
10,000 with service fee of Rs. 250 applicable on non-maintenance of balance requirement and home
branch is classified a metro branch;
Month
April

May

EXISTING Fee Structure

Rs.7,000 (Average
balance)

NEW Fee Structure

Rs.7,000 (Average balance)

Charge of Rs.250 for

- Shortfall of Rs.3,000

non-maintenance of

- Granted a grace period of 30 days (in this case the month of

a/c balance for April

May) to meet the balance requirement

Scenario 1:
- Inspite of issuance of letter, Average Balance for period of May
is seen as Rs.6,000
- Charge levied for 1st cycle (April) is Rs.5 for every Rs.100 in
shortfall OR Rs. 350 whichever is lower

June

- Rs.150 computed as charges for shortfall in balance i.e.

Rs.3,000*5/100
Scenario 2:
- Average Balance for period of May is seen as Rs.11,000
- No charges would be levied for April as account has excess
funds in May

Example: If the Customers savings account has an Average Quarterly Balance Requirement (AQB) of
Rs.10,000, a service fee of Rs. 500 applicable on non-maintenance of balance requirement and home
branch is classified a metro branch;.
Month
April June
quarter

EXISTING Fee Structure

Rs.7,000 (Average
balance)
Charge of Rs.500 for

July

non-maintenance of
a/c balance for AprJune Quarter

NEW Fee Structure

Rs.7,000 (Average balance)

- Shortfall of Rs.3,000
- Granted a grace period of 30 days (in this case the month of
July) to meet the balance requirement

Scenario 1:
- Inspite of issuance of letter, Average Balance for period of MayJuly is seen as Rs.6,000
- Charge levied for April - June is Rs.5 for every Rs.100 in
Aug

shortfall OR Rs.500 whichever is lower

- Rs.150 computed as shortfall in balance i.e. Rs.3,000*5/100

Scenario 2:
- Average Balance for period of May-July is seen as Rs.11,000
- No charges would be levied for April - June as account has
excess funds in May - July

Content shown in table above is for example purpose only

Example: Customers account has an Average Half-yearly Balance Requirement (HAB) of Rs.10,000 , a
service fee of Rs. 750 applicable on non-maintenance of balance requirement and home branch belongs
to a rural location;
Month
Apr to
Sept Halfyear

EXISTING Fee Structure

Rs.7,000 (Average
balance)
Charge of Rs.750 for

October

non-maintenance of
a/c balance for AprSept Half-year

NEW Fee Structure

Rs.7,000 (Average balance)

-Shortfall of Rs.3,000
- Granted a grace period of 30 days (in this case the month of
Oct) to meet the balance requirement.
Scenario 1:
- Inspite of issuance of letter, Average Balance for period of
May-Oct is seen as Rs.6,000
- Charge levied for April - Sept is Rs.5 for every Rs.100 in

November

shortfall OR Rs. 750 whichever is lower

- Rs.150 computed as shortfall in balance i.e. Rs.3,000*5/100
Scenario 2:
- Average Balance for period of May-Oct is seen as Rs.11,000
- No charges levied for April - Sept as account has excess funds
in May - Oct