Hot Deal EXCESS DR charge, State Bank (SBI)

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Deal Cadet
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I have SBI savings account. I just got deducted 88 rs.
I got a msg

Your AC XXXXX380956 Debited INR 88.50 on 07/04/19 -
EXCESS DR IN SB .
Avl Bal INR 167.94.

does anyone know what this charge is? what basis do they calculate this charge? How to avoid it?

20 Comments  |  
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Deal Subedar
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If You Make Debit transaction Over 4 Times for Home Branch & Over 40 Debit Transactions For Mobile Banking/Internet Banking, Bank will be Charged as ‘FEE EXCESS DRS’ in Your Account on basis of your debit transaction.

Source: Google

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Deal Cadet
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To avoid do less trxns via NetBanking, use debit card more.

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Tech Guru
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These charges are in effect from a very long time ,
Transactions via netbanking are limited to a few per month and as per QAB maintained

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Deal Cadet
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Woah.. they charge for NetBanking too nowadays? I thought it was free till now.

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Analyst
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Nope! Atleast SBI is good
Uco bank charged me 800 even for debit card transactions! They only allowed 50 transactions a quarter! It was around when PM Modi announced demonetization!
I fought but nothing happened! Hence switched to SBI! Shitty charges these

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Deal Cadet
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Dena Bank used to charge me RS 15 for a 1000rs imps transfer

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Deal Subedar
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does this also apply on upi transactions?

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Deal Lieutenant
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sandy_cool wrote:

still using sbi useless bank stuck_out_tongue

SBI services are bad, but best bank to keep funds.
Very less charges and fines
Nobody keeps an eye on your balance.
No marketing calls
Being basic bank frauds are difficult.
So a/c in SBI is indispensable.

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Tech Guru
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What are net banking transactions? Also is cash withdrawal with debt card at ATM considered different than say paying for petrol with debt card? IMPS and NEFT always have charges but now they also want to charge for UPI.

SBI also lost like $2400 million.. Best bank to keep your money????

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Deal Captain
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schumacher wrote:

Dena Bank used to charge me RS 15 for a 1000rs imps transfer

has it changed or reduced after merger with BOB

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Deal Cadet
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Expand
desiman wrote:

has it changed or reduced after merger with BOB

Haven’t done a transfer after merger, but i think it must have changed with the new service charges coming into effect

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Deal Subedar
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LOl what about security….. smile smile No security

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Deal Cadet
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Better shift your balances to the private banks which offers 5-7% interest rates like DBS & Kotak…Maintain the MAB in your SBI, UBI, UCO, PNB & whatever Govt banks you have accounts in & put your savings in the banks which offers zero balance accounts with no minimum balance requirement & offers much higher interest rates on their savings accounts…You can only get 3.5-4% if you keep your savings in Govt banks…

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Deal Cadet
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Yes bank, hdfc, icici have accounts where there are no charges. Find out from nearby branch. Average balance required would be 25k but worth it if you transact a lot.

Also these banks have facility if you keep FD then no average balance

So that works well too

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Deal Captain
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kkrulesdnation wrote:

Yes bank, hdfc, icici have accounts where there are no charges. Find out from nearby branch. Average balance required would be 25k but worth it if you transact a lot.

Also these banks have facility if you keep FD then no average balance

So that works well too

how much FD in HDFC with no avg balance rolleyes

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Tech Guru
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Awake wrote:

Nope! Atleast SBI is good
Uco bank charged me 800 even for debit card transactions! They only allowed 50 transactions a quarter! It was around when PM Modi announced demonetization!
I fought but nothing happened! Hence switched to SBI! Shitty charges these

I also lost more than 400 to UCO Bank

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Deal Cadet
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use paytm bank , do as many transaction as you wish

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Deal Newbie
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New way it’s like cancer slowly slowly damaging the body…
Is this fraud excess dr

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