State Bank Of India

State Bank of India (SBI) has scrapped the minimum balance requirement on all savings bank accounts. The bank also rationalized interest rate on all savings bank accounts to a flat 3 per cent. The lender has also waived SMS charges, which will provide a significant relief to all its customers.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.