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Crores of customers have accounts in SBI and they are advised to maintain their accounts. Many banks require minimum balance maintenance. If a person does not maintain his balance then he may have to face many problems such as penalty can be imposed.

Penalty is imposed for non-maintenance of balance

It has been informed that this penalty is imposed by many banks and this penalty is not imposed by many banks. That means customers do not need to maintain an average monthly balance in a normal savings bank account.

Giving this information through Twitter, SBI has said that no penalty is imposed for not maintaining average monthly balance in SBI. But according to the bank if a person invests Rs. If an average monthly balance of Rs 25000 is maintained in the account, he gets many facilities.