SBI slaps charges on cash deposits from april

State Bank of India,one of the country's largest bank, and has revised service charges on the various transactions, including cash deposits and for not maintaining the average monthly balance in savings accounts. Charges will apply as of April 1,in this year 2017.While three cash deposit transactions will be free in one month, beyond three transactions, the bank will charge Rs 50 plus service tax for each transaction after the third transaction. In the case of ATM transactions, after the allowed number of free transactions, SBI will charge Rs 20 (plus service tax) per transaction.

The bank has also imposed service charges for failure to maintain the average monthly balance in urban, metropolitan and rural centers.State bank of india (SBI) announced yesterday that from april 1st SBI account holders will be penalize for not maintaing minimum balance in their accounts.And for metropolitan areas,the minimum balance will be Rs,5000 and its mandatory.In urban and rural areas the charges will be http://www.thebankinfo.com/blog/post/sbi-slaps-charges-on-cash-deposits-from-april