Banks Penal Charges for SB Accounts – List of Banks with detail

Banks Penal Charges for Savings Bank (SB) Accounts – List of Banks with detail
Charges on savings bank accounts
Reserve Bank of India’s Master Circular on Customer Service in Banks provides that the policy on penal charges to be levied for non-maintenance of minimum balance in savings bank accounts may be decided with the approval of the Board of the bank concerned. Banks levy panel charges on non-maintenance of minimum balance in savings bank account in terms of the said Master Circular.
Details of charges levied on deposit of cash in savings bank accounts at bank branches of public sector banks is given below in the table.
BankCharge on deposit of cash in savings bank account at bank branch
Allahabad BankNo charges
Andhra BankNo charges
Bank of BarodaHome branch: no charges
Non-home branch: For cash deposit
up to Rs. 30,000 per day per account, there is no charge. Thereafter, in excess of Rs. 30,000, service charge is Rs. 2.50 per thousand or part
thereof
Bank of IndiaNo charges.
Bank of MaharashtraNo charges.
Canara BankNo charges
Central Bank of IndiaNo charges
Corporation BankNo charges
Dena BankNo charges
IDBI BankIn metro/urban locations, there is
no charge up to 5 transactions per month. In semi- urban locations, there is no charge up to 7 transactions per month. In rural locations, there is no charge up to 10 transactions. Thereafter, there is a charge of Rs. 2.50 per Rs. 1000, subject to a minimum of Rs. 25 and a maximum of  Rs 10,000).
Indian BankNo charges
Indian Overseas BankNo charges
Oriental Bank of CommerceNo charges
Punjab & Sind BankNo charges
Punjab National BankNo charges at home branch
 Cash deposit at all branches within
same clearing centre and city (other than at home branch) : There are no
charges up to Rs. 25,000 per day. Above Rs. 25,000, there is a charge of Rs.1 per Rs. 1,000 or part thereof, with a minimum of Rs. 25 per transaction.
Cash deposit at outstation non-home branches (other than same clearing centre/city): There are no charges up to Rs. 25,000 per day.  Above Rs. 25,000, there is a charge of Rs. 2 per Rs. 1,000 or part thereof, with a minimum of Rs. 25 per transaction.
State Bank of India Up to 3 transactions per month in branch, there is no
charge, and there is a charge Rs. 50 per deposit thereafter. There is no
charge for deposit at Cash Deposit Machines.
Syndicate BankNo charges
UCO BankNo charges
Union Bank of IndiaNo charges at home branch. Above Rs. 50,000 per day at non-home branch Rs. 1 per thousand, subject to a minimum Rs. 10 and a maximum of Rs. 11,500
United Bank of IndiaNo charges
Vijaya BankNo charges

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