SBI, for example, does not levy a closing fee if you close the account within 14 days of opening it. From day 15 up to a year, the bank charges ₹ 500 plus GST. However, it’s free beyond the ...

The State Bank of India is the largest lender and probably the most popular among both rural and urban population of the country. But are you looking to close your SBI account?

For customers, who close their accounts after 14 days and before completing 1 year after opening an account will be charged Rs 500 and extra GST, the bank had said in a notification.