How to check Monthly Average Balance in SBI Net Banking and Avoid Penalty

Last updated on November 13th, 2018 at 01:39 pm

You can easily check the Monthly Average Balance (MAB) of your SBI Account Online. State Bank of India, India’s largest bank’s, recent changes made it easy for the Internet Banking users to check the Average Monthly Balance online.

For Non maintenance of Average Minimum Balance, SBI will deduct a penalty amount from its customers available Savings Bank Account Balance And this penalty amount is different for different type of accounts, depends on the SBI account holders location like Metro, Urban, Semi-Urban, Rural etc .

You can find below the SBI Minimum Balance Fine (charges) for Savings Account and how is Monthly Average Balance (MAB) calculated in SBI.

To help the customers to maintain the Minimum Monthly Balance, SBI added a  new option in the Online SBI (Internet Banking) Account.

With this option SBI customers can check the Average Balances of their savings account in the current and Previous Months.

Learn How to check SBI Account Balance with a Missed Call Or SMS

 Monthly Average Balance Check SBI

Follow below steps to check the Monthly Average Balance in SBI Accounts.

  • Login www.onlinesbi.com using your SBI Internet Banking account User Name and Password.
  • Onlinesbi.com Login
  • After the successful Login, you will be redirected to the SBI Account Summary page, where you can see the details of all your Accounts in the branch.
  • Now click on the Link ‘Click here for last 10 Transactions‘.
  • last 10 transactions-sbi
  • You will be redirected to a page, there you can see your Account summary details like the Account Number, Your Name, Available Balance, uncleared Balance MOD Balance, Monthly Average Balance etc
  • Click on the link ‘Click Here For MAB‘ to check the Monthly Average Balance
  • Check Monthly Average Balance in SBI Account Online
  • You can now see the average monthly balance you have maintained in the selected SBI account in the current month as well as the Previous Month.
  • Average monthly Balance in the SBI Account

By keeping an eye on your Average Monthly Balance of your SBI Accounts, you can avoid penalty auto deduction from the available balance by the SBI.

Note that this service is available between 8.00 AM and 8.00 PM.

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 SBI Minimum Balance Penalty Charges - SBI Monthly Average Balance Calculator

Find below the Penalty for Non-maintenance of AMB (Average Monthly Balance) – SBI Minimum Balance Charges for saving Accounts as on 01-04-2018.

For Metro and Urban Cities AMB (Average Monthly Balance) is Rs.3000/-

    • If the Average Monthly Balance Shortfall (Rs. 3000 – AMB ) of a SBI Account Holder in Metro and Urban Cities, is Less than or equal to 50%  of the Required Average Monthly Balance
    • (ie; <= Rs. 1500 ) then the SBI Minimum Balance Penalty Charges will be Rs. 10/- +GST
  • If the Average Monthly Balance Shortfall (Rs. 3000 – AMB ) is Between 50% to 75% (ie; Rs.1500 to Rs.2250)  (ie; Average Monthly Balance of  a customer is between Rs.1500 and Rs.750 ) then the SBI monthly average balance charges will be Rs. 12/- +GST
  • If the AMB Shortfall  (Rs. 3000 – AMB ) is > 75% (ie; Rs.2250)  (ie; Average Monthly Balance of  a customer is < Rs.750,   then the Penalty Amount will be Rs. Rs. 15/- +GST

 

Monthly Average Balance SBI Charges Summary for Metro and Urban Cities

Required AMB (Average Monthly Balance) is Rs.3000/-

Average Monthly Balance in Rs. Fine Amount
>= Rs. 1500 & < Rs.3000 Rs. 10/- +GST
Between Rs.1500 and Rs.750 Rs. 12/- +GST
< Rs.750 Rs. 15/- +GST

Average Monthly Balance (AMB) required in Semi Urban Cities is Rs.2000/-

    • If the Shortfall amount (Rs. 2000 – AMB ) of a SBI Account Holder in Semi Urban Cities, is Less than or equal to 50%  of the Required Average Monthly Balance
      (ie; <= Rs. 1000 ) then the SBI Minimum Balance Penalty Charges will be Rs. 7.50/- +GST
  • If the Average Monthly Balance Shortfall (Rs. 2000 – AMB ) is Between 50% to 75% (ie; Rs.1000 to Rs.1500)  (ie; Average Monthly Balance of  a customer is between Rs.1000 and Rs.500 ) then the SBI monthly average balance charges will be Rs. 10/- +GST
  • If the AMB Shortfall  (Rs. 3000 – AMB ) is > 75% (ie; Rs.1500)  (ie; Average Monthly Balance of  a customer is < Rs.500,   then the Penalty Amount will be Rs. Rs. 12/- +GST

 

AMB (SBI Monthly Average Balance)  Calculation Summary for Semi Urban Cities

Required AMB (Average Monthly Balance) is Rs.2000/-

 

Average Monthly Balance in Rs. Fine Amount
>= Rs. 1000 & < Rs.2000 Rs. 7.5/- +GST
Between Rs.1000 and Rs.500 Rs. 10/- +GST
< Rs.500 Rs. 15/- +GST

 

Average Monthly Balance (AMB) required in Rural Area SBI Account holders is Rs.1000/-

    • If the Shortfall amount (Rs. 1000 – AMB ) of a SBI Account Holder in Rural area, is Less than or equal to 50%  of the Required Average Monthly Balance
      (ie; <= Rs. 500 ) then the SBI Minimum Balance Penalty Charges will be Rs. 5/- +GST
  • If the Average Monthly Balance Shortfall (Rs. 1000 – AMB ) is Between 50% to 75% (ie; Rs.500 to Rs.750)  (ie; Average Monthly Balance of  a customer is between Rs.500 and Rs.250 ) then the SBI monthly average balance charges will be Rs. 7.5/- +GST
  • If the AMB Shortfall  (Rs. 1000 – AMB ) is > 75% (ie; Rs.750)  (ie; Average Monthly Balance of  a customer is < Rs.250,   then the Penalty Amount will be Rs. Rs. 10/- +GST

 

AMB (SBI Monthly Average Balance)  Calculation Summary for Rural Area

Required AMB (Average Monthly Balance) is Rs.1000/-

 

Average Monthly Balance in Rs. Fine Amount
>= Rs. 500 & < Rs.1000 Rs. 5/- +GST
Between Rs.500 and Rs.250 Rs. 7.5/- +GST
< Rs.250 Rs. 10/- +GST

 

If you have any questions, you can contact the SBI Customer Care.

Toll Free Numbers: 1800 11 2211 , 1800 425 3800, 080-26599990

Find complete list of SBI Customer Care Numbers

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