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SBI, HDFC, ICICI, Axis Bank complete Details about the Revised Charges April 1 2017

People of India have successfully overcome the currency problems during the demonetization. But it seems like they will be facing new issues from 1st of April. Banks in the country are preparing to serve charges on the people of India. Major banks like SBI, ICICI, and HDFC have decided to charge their customers more from April.

According to the bank sources, the revised charges are meant only to encourage digital transactions and lessen the cash transactions. Reports say that banks have lost their income during the demonetization, so they are implementing such measures to get out of those loses.

Revised bank charges are categorized and listed below:

State Bank of India

  • SBI savings account users can deposit cash thrice a month in their accounts for free and the fourth deposit in the month would charge Rs 50 per cash load. The service charge would be extra for each of them.
  • Current account holders with Monthly Average Balance (MAB) of 10,000 can deposit up to 25000 cash at free of cost. Beyond the limit, 75 ps + service tax will be imposed.
  • Another rule is that all the State Bank of India account holders will also have to keep a minimum balance in their accounts.
  • For metropolitan cities, if the balance falls below 75 per cent of the prescribed minimum available balance of Rs 5,000 then Rs 100 plus service tax is charged. If the shortfall is 50 percent or less, the bank will charge Rs 50 plus service tax.
  • No charge up to three transactions from other bank ATMs, for the fourth transaction in a single month Rs 20 will be deducted. The transaction limit number within SBI ATM is five and sixth withdrawal in the month would be costing Rs 10
  • SMS alerts will be charged Rs 15 per quarter from debit card holders having an average quarterly balance of up to Rs 25,000 during the three months. There will be no charge for UPI/USSD transactions of up to Rs 1,000.
  • https://www.sbi.co.in/portal/documents/28392/54637/SBI+site+upload-Service+Charges-2017.pdf/9232eba4-f332-4155-a13d-88428281bac8


  • No charge would be levied on first four transactions at home branches in a single month. After that, every transaction would cost Rs 150.
  • Third party transfer is limited to Rs 50,000 per day.
  • A free transaction will be charge free per calendar month, and the next transactions would cost Rs 5 per Rs 1,000 thereafter subject to a minimum of Rs 150.
  • Cash deposit machines would accept first cash deposit per month at free of charge after that ICICI bank would deduct Rs 5 per Rs 1,000
  • https://www.icicibank.com/service-charges/service-charges.page


  • HDFC Bank would charge Rs 150 per transaction, after the allotted limit of 4 transactions per month.
  • The revised charges and rules shall be applied to savings accounts as well as salary accounts.
  • HDFC home-branch transactions up to Rs 2 lakh would be free of cost per single day. Beyond this, Rs 5 will be charged per Rs 1,000, or Rs 150.
  • NonHome transactions above Rs 25,000 per day will attract a charge of Rs 5 per Rs 1,000, or Rs 150
  • https://www.hdfcbank.com/assets/pdf/FEES_AND_CHARGES.pdf

Axis Bank

  • Axis bank account holders can enjoy five Free deposits and withdrawals per month beyond that Rs 95 will be charged per each transaction.
  • The bank allows five free non-home branch transactions per day with, maximum deposit of Rs 50,000.
  • For the sixth transaction or deposit exceeding Rs 50,000, the Axis bank would charge Rs 2.50 per Rs 1,000, or Rs 95 per transaction, whichever is higher.
  • https://web2.axisbank.com/FeesAndChargeMaster/FeesAndCharges.aspx

Demonetization a phase in the history of India had been successfully carried out by the government with the support of the people. Common people of India have faced many problems, but they bear it for the cause of good. As per the public opinion, these extra charges might receive massive opposing from all sections of people.

According to the latest reports Govt of India had asked all the Banks to reconsider the decision of levying the charges which would be a burden to the common people. We will update the latest happening around this issue. Stay tuned to this space for more updates

Maintain the Minimum Balance in SBI Accounts or Pay Fine from 1st April

India’s largest bank the State Bank of India will resume charging its customers who don’t maintain monthly account average balance in their savings account. This new system will be implemented from starting of the financial year, i.e., from 1st April 2017. The fine chargers will be mentioned based on the difference between required minimum balance and the shortfall of respective SBI accounts.

According to the SBI bank instructions, the minimum balance required for savings account holders is Rs. 5,000 in metropolitan areas. Similarly, in the urban areas, the customers need to maintain the average monthly balance should be Rs. 3,000. While in semi-urban areas, people have to maintain a minimum balance of Rs. 2000 and in rural areas, the monthly average of Rs. 1000.

UDAN Scheme to Start Regional Flight Services at an Affordable Price

A senior SBI executive said the bank had, at present, 250 million savings accounts. “Since Prime Minister announced demonetisation of old Rs 500 and Rs 1,000 notes on November 8 last year, the bank had initiated a large number of savings accounts especially till end-December.”

For metropolitan areas, if the average monthly balance is above 75 percent the fine charges mentioned is Rs. 100 along with service tax. While in urban areas if the shortfall of MAB is less than 50 percent the amount to pay is Rs. 50 percent and service tax. Similarly, if the shortfall is between 50 and 75 percent then have to pay Rs. 60 along with service tax and if it is between 75 percent have to pay the charge of Rs. 80 and service charge.

Home Loan Rates becomes Cheapest in Six years after SBI and Other Banks Cut down Rates

The executive also added, “Managing these SBI accounts, including those with zero balance, includes expenses such as running operations and systems. It is also an effort to stem an outflow of money from savings accounts, mainly those opened recently.”

SBI has implemented this minimum balance payment system for the savings account in the year 2012 in July in a bid to lure customers. As per the reports, the bank is going to merge five associate banks of itself and thus acquires 50 crore customers. The bank also reduced the interest rates on term deposits from 180 days to one year and 456 days to three years from 1st March 2017.

SBI PO Recruitment 2017 Released 2313 Vacancies at Sbi.Co.in

The State Bank of India (SBI) back with another recruitment and released the SBI Probationary Officer Notification. A huge of numbers who are probing for latest bank jobs can start their application process. The officials announced that they started the SBI PO Recruitment 2017 process from 7th February 2017.

SBI PO Mains Result 2017 Declared: SBI Probationary Officer Mains Exam Results, Cut off Marks @ sbi.co.in

Before applying all the applying candidates have to verify the eligibility criteria. Those who didn’t submit the application form in mentioned date or submitted incompletely shall be rejected. The SBI PO 2017 Apply Online link made available on the official website sbi.co.in.

SBI SO Admit Card 2017 Available now: Exam Date is on 22 January

State Bank of India is an Indian multinational public sector banking and financial company in India. SBI is a government-owned corporation headquartered at Mumbai, Maharashtra, India. It is one of the top banks in India along with ICICI, Bank of Baroda and Punjab National Bank.

It releases the notifications for Clerical Cadre Probationary Officer (PO) and Specialist Officer Posts every year. The officials conduct the selection process according to the recruitment rules. Recently they published the advertisement of SBI PO Recruitment 2017 to fill 2313 probationary vacancies.

Moving to the eligibility details, the education qualification of candidates must have completed Graduation or any equivalent qualification from any recognized university. All the applying aspirants should attain the age limit of minimum 21 years and maximum 30 years as on 1st April 2017. Age relaxation is appropriate for SC/ST by 5 years, OBC by 3 years and PWD by 15 years as per Govt rules.

Candidates who are applying for this SBI PO Recruitment 2017 have to pay the application fee of Rs. 100 for SC/ST/PWD and Rs. 600 for General and others. The selection process for the mentioned State Bank of India PO Vacancies will be made by conducting Preliminary, Mains, Group Exercises and Interview.

Best Tips and Tricks to Crack SBI PO in Less Time

How to apply:

  • Candidates have to visit the official website sbi.co.in.
  • Select the careers section on the homepage.
  • Click on the SBI PO Recruitment 2017 and read all instructions mentioned in the notification.
  • Now choose SBI PO 2017 Apply Online link.
  • Fill all the mandatory details as mentioned in the prescribed fields.
  • Attach the documents that furnished along with photograph and signature in specified pixels.
  • Submit the application form before the indicated date and take a print of it.

Dates to note:

  • Commencement of online registration: 07.02.2023
  • Last date to submit application form: 06.03.2023
  • Application fee payment: 07.02.2023 to 06.03.2023
  • Prelims exam dates: 29.04.2017, 30.04.2017, 06.05.2016, 07.05.2023
  • Prelims result date: 17.05.2023
  • Mains exam date: 04.06.2023
  • Mains result declaration: 19.06.2023
  • Group Exercises & Interview date: 10.07.2023 onwards
  • Final result: 05.08.2023

Official notification link


Official apply online link


For latest updates follow our website techfactslive.com and also know latest news about Recruitment, Admissions etc.

Amazon Announced Great Indian Sale Offers Huge Discounts on Products

Online retailer websites started the New Year with back-to-back sales and grabbing the customer’s attention with amazing discounts. The one on the list is Amazon which is back with a new sale. The company announced Amazon Great Indian Sale which offers Discount on various products.

There will be lightning deals introduced in this Great Indian Sale offers which start from 20th January and ends on 22nd January 2017. The three-day sale offers

Amazon India to Create 7,500 Temporary Jobs
  • Upto 40% off on Mobiles
  • Upto 35% off on Laptops
  • Upto 50% off on Electronics
  • Upto 50% off on Home & Kitchen Appliances
  • Upto 70% off on Clothing
  • Upto 99% off on all products

Customers shopping on Amazon app during three days benefited with an additional treat for them. For the ten lucky customers who shops on Amazon app get a chance to win a trip for two to Europe. With deals on popular brands, customers can shop over 95 million products from hundreds of categories.

For the customers who are opting to go cashless can get the existing Cashbacks.

  • 15% additional cashback for SBI credit/debit cards on App.
  • 10% cashback on website
  • 15% cashback an Amazon app

The Amazon Great Indian Sale offers discounted prices on laptops, tablets, smartphones, PCs, books, baby products and much more. In addition to this, Amazon Fashion offers great deals on accessories, handbags, apparel and more including top brands. For the Amazon Prime members will get 30 minutes access to top deals.

Minister of External Affairs Sushma Swaraj Wants Apologize From Amazon

Through this Amazon Great Indian Sale, customers shopping on amazon.in can choose fast and guaranteed delivery services. The users can avail one-day, two-day, same-day, scheduled and morning deliveries. For Amazon Prime members, the company provided free One-day and two-day deliveries and discounted same-day and scheduled and morning deliveries.

The company announced to create 7,500 temporary jobs for the upcoming Amazon Great Indian Sale. Whenever a site comes up with the sale, the other websites also come up with something in a counter to it. We may soon find Flipkart and Snapdeal coming up with their sales on their respective  portals.

SBI SO Admit Card 2017 Available now: Exam Date is on 22 January

Latest Education & Job News

SBI SO admit card 2017

Good news!!! SBI SO admit card 2017 is released. Applicants who have applied for this SO post can immediately download their SBI specialist officer hall ticket. We know that many applicants are waiting for this chance, they can catch their hall tickets from official website www.sbi.co.in

State Bank of India is the one of the largest bank in India which doesn’t need the introduction. Every person in India is familiar with the state bank. Getting the job in that bank is the dream for every person. SBI also releases recruitments in the same way. They releases every year including all branches and associate banks. They release notifications for various posts like the probationary officer, Specialist officer, and clerk.

IIT JAM Admit card 2017 released download from jam.iitd.ac.in

Recently they have released recruitment for the specialist officer for 411 vacancies for ADVERTISEMENT NO. CRPD/SCO/2016-17/9. This Specialist Officer notification is released for various posts like Assistant manager, developer, test lead, tester, manager, assistant manager, technology relationship manager, business architect, data ware architect, enterprise architect, infrastructure architect, portal architect, technology architect, infrastructure, civil engineer, electrical engineer, technical engineer, etc.

Many of the applicants have registered their names for this recruitment. From that day onwards they are eagerly waiting to write the exam. The examination is conducted for 220 marks for various subjects like reasoning, quantitative aptitude, English language, professional knowledge. This reasoning subject is conducted for 50 marks, quantitative aptitude and English language conducted for 35 marks each subject and professional knowledge for 100 marks.

GATE 2017 Admit Card Released: Download @ gate.iitr.ernet.in

Applied applicants, please download your SBI SO admit card 2017 as soon as possible. SBI SO exam date is on 22 January 2024. So please take it as soon as possible. While attending the examination, please don’t forget this hall ticket or else you are not allowed to the examination. Paste your photograph on the admit card and reach to examination center at least 1 hour before. For more details please visit official website www.sbi.co.in

Exam date: 22.01.2017

Admit card download


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