Sbi cuts of minimum balance

Good news for the sbi customers as they cut offs the minimum balance in their savings account to attract new customers as this is applicable to new customers also.

http://businesstoday.intoday.in/story/no-minimum-balance-required-for-sbi-savings-a-c/1/186008.html

Its a real good news. There are so many common people who cannot afford to keep 1000RS as minimum balance , its good for them. This will surely attract more customers.

SBI Bank's Customer are more of Villages,so this will be a great relief for them.