Fact to be known by customers of merging SBT and other five banks to SBI

The five subbranches of state bank of India is merged to its parent bank.The State Bank of Travancore, the State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Patiala and State Bank of Hyderabad also merged with the State Bank of India.After 35 years of working SBT is merged to sate bank of India from April 1 onwards.The official, however, assured customers that they need not worry, adding that there would not be any change in their accounts, passbooks and cheque books.

```SBI NEW RULES FROM 1st APRIL 2017

1. 3 times deposit free in your account. After more than 3 times deposit, you will pay 50/- per deposit.
2. Minimum 5000/- balance to be maintained in metro city branch account holder.
3. Minimum 3000/- balance to be maintained in city/town branch account holder.
4. Minimum 2000/- balance to be maintained in semi urban area branch account holder.
5. Minimum 1000/- balance to be maintained in villages branch account holder
6. If you do not maintain minimum amount in your account, you will pay upto Rs.200/- + extra surcharge.(depending on how many days)
7. SBI ATM free for 5 times use, after 5 times you will pay 10/- per transaction.
8. Other bank ATM free for 3 times use, after 3 times you will pay 20/- per transaction.
9. Unlimited SBI ATM use without any charges, If you maintain 25000/- in your SBI savings account.
10. Unlimited SBI & OTHER BANK ATM use without any charges, If you maintain100000/- in your SBI savings account.
11. 15/- SMS charge you will pay after 3 months, (SMS charge free, If you maintain 25000/- in your SBI savings account)

Advantages of merging six branches to SBI

  Banking powerhouse SBI will enter the list of Top 50 banks in the world.There will be common treasury for pooling resources and appropriate deployment of a large skilled resource base.Any introduction in new technology by SBI will be uniformly available to all the customers including customers of associates and subsidiaries of the Bank.SBI shares along with itssubsidiaries will post tremendous earnings in stock exchanges. Thus it will benefit all the stake holders.The banking colossus would be able to match itself with the largest in the world as the asset base will reach up to Rs 37 lakh crore (Rs 37 trillion) spreading across the length and breadth of the nation.There will be more than 50 crore customer who will be able to access 22,500 branches and 58,000 ATMs.

Cons on merging six branches to SBI

Immediate negative impact would be from pension liability provisions (due to different employee benefit structures) and harmonization of accounting policies for NPA (non-performing assets) recognition.The associate banks are on a totally different footing as they have regional flavor and regional focus compared to nationalistic SBI culture.Various internal conflicts and disputes may arise with regard to promotion,pension and other potential issues.Post the merger, SBI's employee costs could rise by Rs 23 crore.