If your account is also with State Bank of India and you have also received a message to deduct money, then this news is for you only.
If your account is also with State Bank of India and you have also received a message to deduct money, then this news is for you only. These days messages are being received from people of SBI account for deducting about Rs 147.50. People are troubled as to why these messages are being sent. People are also reaching the bank branch with this message. If this has happened to you too, then you do not need to panic.
The bank itself has informed the people about this. According to the bank, these money are being debited by SBI. The bank deducts the maintenance charge for the ATM ie debit card. These charges are deducted from the bank’s accounts on behalf of the bank every year. The bank itself has given information about this on the Twitter handle and has said that Rs 147.50 is deducted as a charge on behalf of the bank.
Bank tweeted
Recently, a bank account holder tweeted that the money has been deducted from his account without telling him. Since then, SBI has responded to this tweet and told that due to which these money has been deducted. In the reply given by the bank, it is written, ‘Know this that every year Rs 147.50 is debited as the maintenance of ATM cum debit card given to every customer.’
If the transaction fails due to lack of balance, it will be ‘fine’
The news is important for the customers of State Bank of India, the country’s largest bank. If your transaction fails at the ATM due to lack of balance in the bank, now you will have to pay a fine for it. State Bank will now impose penalty on you for this lapse. According to the bank, if you do not have a balance, you will have to pay a fine of Rs 20 per failed transaction. Along with this, you also have to pay GST. However, SBI provides you the facility of customers to find the balance on the savings account through missed calls and SMS to avoid this penalty. It is better to always check your balance before withdrawing from the ATM.
You get so many free transactions
SBI allows up to 8 free transactions in metro cities to its regular savings account holders in a month. These include free transactions from 5 SBI ATMs and 3 ATMs of any other bank. 10 free ATM transactions from non-metro cities, in which 5 transactions can be done from SBI, while 5 from other banks’ ATMs.
