SBI Not Closed 41.6 Lakh Bank Accounts

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State Bank of India (SBI) is public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. SBI clarified has not closed 41.16 lakh bank accounts as reported by some media outlets on Tuesday.

State Bank of India (SBI) clarified that these bank accounts have not been closed Suo-motu. In a widely publicised report in yesterday’s news dailies about SBI reducing minimum balance charges. [READ: State Bank of India (SBI) Revises Service Fees]

SBI Not Closed 41.6 Lakh Bank Accounts

The bank said there are a total of 41 crore Savings Bank Accounts opened with SBI at this moment out of which 2.10 crore bank accounts were opened in the current financial year