National News

SBI will penalise account holders for not maintaining minimum balance from today

The bank will use the money to cover expenses such as running operations and systems for its 250 million savings accounts.

The State Bank of India will start charging its account holders a penalty if they fail to maintain a minimum balance in their savings account from Saturday. Besides, it is now mandatory for accounts to maintain a balance of Rs 5,000 in metropolitan areas, Rs 3,000 in urban areas, Rs 2,000 in semi-urban areas and Rs 1,000 in rural areas. This is likely to affect around 31 crore depositors, according to NDTV.

The bank will use this penalty amount to cover expenses such as running operations and systems for its 250 million savings accounts. SBI Chairperson Arundhati Bhattacharya had said that the fee was introduced to balance the costs incurred from managing Jan Dhan accounts. “We have 11 crore financial inclusion or Jan Dhan accounts,” she had said. “To manage such a large number, we need some charges. We considered many factors and after analysing carefully, we took this step.” The country’s biggest lender had done away with the minimum balance rule in 2012.

Apart from this, the bank had announced a slew of other charges and penalties. For metro areas, if the difference between the minimum balance and the actual amount is 50%, then SBI will charge Rs 50 plus service tax as a penalty. If the difference is anywhere between 50% and 70%, the penalty will be Rs 75, plus service tax. If the shortfall is more than 75%, the charges will be Rs 100, excluding the service tax.

For urban areas, charges will be anywhere between Rs 40 and Rs 80, excluding service tax. In semi-urban areas, the penalty will be between Rs 25 and Rs 75, plus service tax. In rural areas, the charges are between Rs 20 and Rs 50, inclusive of service tax.

The bank will continue to charge the account holders Rs 50 for carrying out more than three cash transactions in a month. Moreover, SBI will also charge an amount for NEFT/RTGS transactions, issuing cheque books and stopping payments. Annual maintenance for debit cards will be anywhere between Rs 125 and 300.

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Following a mountaineer as he reaches the summit of Mount Everest

Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.

Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.

The Everest journey began from the Lukla airport, known for its dicey landing conditions. It reminded him of the failed expedition, but he still moved on to Namche Bazaar - the staging point for Everest expeditions - with a positive mind. Vikas let the wisdom of the mountains guide him as he battled doubt and memories of the previous expedition. In his words, the Everest taught him that, “To conquer our personal Everest, we need to drop all our unnecessary baggage, be it physical or mental or even emotional”.

Vikas used a ‘descent for ascent’ approach to acclimatise. In this approach, mountaineers gain altitude during the day, but descend to catch some sleep. Acclimatising to such high altitudes is crucial as the lack of adequate oxygen can cause dizziness, nausea, headache and even muscle death. As Vikas prepared to scale the riskiest part of the climb - the unstable and continuously melting Khumbhu ice fall - he pondered over his journey so far.

His brother’s diagnosis of a heart condition in his youth was a wakeup call for the rather sedentary Vikas, and that is when he started focusing on his health more. For the first time in his life, he began to appreciate the power of nutrition and experimented with different diets and supplements for their health benefits. His quest for better health also motivated him to take up hiking, marathon running, squash and, eventually, a summit of the Everest.

Back in the Himalayas, after a string of sleepless nights, Vikas and his team ascended to Camp 2 (6,500m) as planned, and then descended to Base Camp for the basic luxuries - hot shower, hot lunch and essential supplements. Back up at Camp 2, the weather played spoiler again as a jet stream - a fast-flowing, narrow air current - moved right over the mountain. Wisdom from the mountains helped Vikas maintain perspective as they were required to descend 15km to Pheriche Valley. He accepted that “strength lies not merely in chasing the big dream, but also in...accepting that things could go wrong.”

At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.

It was the 18th of May 2018 and Vikas finally reached the top. The top of his Everest…the top of Mount Everest!

Watch the video below to see actual moments from Vikas’ climb.


Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.

Livogen is proud to have supported Vikas Dimri on his ambitious quest and salutes his spirit. To read more about the benefits of iron, see here. To read Vikas Dimri’s account of his expedition, click here.

This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.