State Bank of India (SBI), the largest public bank of India, has raised its Monthly Average Balance (MAB) from 500 to 5000,3000,2000,1000 in metros, urban, semi-urban and rural areas respectively. ATM transactions will be charged at 25 per transaction for savings accounts. Moreover, there are charges for transactions through bank correspondents and IMPS transfers. Locker rents too have risen and check books will be levied at 3 per leaflet after 50 checks in a financial year. An enrollment fee will be charged for new savings account and SMS charges of 15 per quarter will be applicable as before. As a whole,SBI customers have to bear a little extra burden in this year effective from June 1,2017. Read more at: https://blog.bankbazaar.com/must-know-sbi-new-rules-effective-from-1st-april-2017/