SBI Bank – If you are also an account holder of SBI Bank, then this news is for you. Let us tell you that a new guideline has been issued by the bank. Under which it has been told why the money of the customers is being deducted.
If your account is in the country’s largest government bank State Bank of India, then this news is important for you. In fact, some customers of State Bank have received SMS to deduct Rs 147.50 from their account. In this regard, State Bank has given information to the customers. The bank told its customers that if you have also received such messages about debiting money, then there is no need to worry. This money is being debited only in the knowledge of the bank.
Why is the money being deducted?
State Bank of India said that an amount of Rs 147.50 is being deducted as annual maintenance/service charge for ATM-cum-debit cards used by customers. SBI charges Rs 125 as annual maintenance fee. Along with this, the bank also charges an additional 18 percent GST for many debit cards. So if GST is added to Rs 125, then it becomes an amount of Rs 147.50. Apart from this, the bank charges Rs 300 for changing the debit card. Therefore, if an amount of Rs 147.50 has been deducted from your SBI account, then there is nothing to worry about.
Change in transaction fee-
SBI Cards and Payment Services Limited had revised its transaction charges for various credit card related transactions in November. State Bank of India had stated on its website that all rent payments starting from November 15, 2022, will be subject to a processing fee of Rs 99 and applicable taxes. Apart from this, the processing fee has increased to Rs 199 for all merchant EMI transactions. Along with this, applicable tax will also have to be paid. The bank had given this information on the website of SBI Cards.
Other banks also charge
SBI is not the only bank to do this. ICICI, HDFC and other banks also charge maintenance fees for debit cards. HDFC Bank charges Rs 200 to Rs 750 as debit card membership and annual fee. At the same time, the fee for changing the card is around 200 rupees.
State Bank of India is the largest commercial bank in the country in terms of assets, deposits, branches, customers and employees. SBI’s market share is 32.9 percent.
