State Bank of India Re Introduces Minimum Available Balance Condition excluding PMJDY Account.

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State Bank of India Re introduces minimum available balance condition excluding accounts linked with Jan Dhan Yojana.


Indias one of the largest bank is going to be launched its minimum available balance criteria which is INR 5000 very soon as mandatory for its account holders.

Now our readers would be already aware of pradhanMantri Jan Dhan Yojana let me explain what it is Vidhan Mantri Jan Dhan Yojana is Indias financial mission started by hours honorable Prime Minister Shri Narendra Modi ji too much sir and ser Indian citizens financial services like to open bank account remittance credit and debit insurance cover Health Insurance pension in government points of view.

This Jan Dhan Yojana was started on 28 August 2014 as soon as our honourable prime minister took charges as Indian Prime Minister till February and 2017 there were imense number of bank account has been already opened up by our bank sector according to some report study this is approximately 22.30 crores of account.

According to reports from TOI SBI chief Arundhati Bhattacharya declared that restriction of maintaining minimum available balance does not applicable on Pradhan Mantri Jan Dhan Yojana account holders.

If in any scenario bank account holders do not maintain the minimum monthly balance they will be charged from rupees 22 to 100 in rural to metro cities Folks respectively.The restrictions will be applicable on all account holders from April 1st 2017 next month some other leaders in banking sector has already started charging a minimum amount of 150 inr on transaction for cash deposits on exceeding 4 monthly transaction limits.

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