SBI Card To Levy Rs118 as Fee on All Cheque Payments from January 2020

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SBI Card To Levy Rs118 as Fee on All Cheque Payments from January 2020
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SBI Card To Levy Rs118 as Fee on All Cheque Payments from January 2020

The giant State Bank of India (SBI), a public sector undertaking, is fast earning the distinction of coming up with a myriad ways of extracting penal charges from customers.

After experimenting with levying charges for cheque payments on credit card dues below Rs2,000, SBI Card, a unit of SBI, has decided to impose a charge of Rs100 plus taxes (about Rs118) for all cheque payments.

Although, SBI Card has said that it will start charging Rs118 from 1 January 2019, some customers have already been charged for making payments through cheques. Few days ago, Amita Mittal, wife of Right to Information (RTI) activist Girish Mittal was charged Rs118 each time when she paid her credit card bill using cheques. Amount on both the cheques was more than Rs2,000, for which SBI Card says there would be no charges. Yet Ms Mittal was charged Rs100 plus taxes.

https://www.moneylife.in/article/sbi-card-to-le...

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7 Comments  |  
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Deal Cadet
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is there any person still droping cheques for credit card payment ? i think they should close this facility.

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Deal Subedar
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pentiumd wrote:

is there any person still droping cheques for credit card payment ? i think they should close this facility.

There are some people who refuse to budge, this is why sbicard introduced this charge instead of withdrawing a facility.

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Change is the law of the universe-Bhagwat Gita.
If you cant change in positive way(by going digital)
you have to pay the price(with GST added 😉😉).

Good move by SBI.

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Deal Cadet
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After some 2-3years
They put 118rs charges on our 1000rs cred transcation.
Good days are coming to an end.

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Pro Critic
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Shitty headline and shitty SBI. The title nowhere mentioned that the charges are on paying credit card bill with cheque. It gave me a mild heartattack.

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Deal Lieutenant
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Roushh wrote:

Shitty headline and shitty SBI. The title nowhere mentioned that the charges are on paying credit card bill with cheque. It gave me a mild heartattack.

Haha. True laughing

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Roushh wrote:

Shitty headline and shitty SBI. The title nowhere mentioned that the charges are on paying credit card bill with cheque. It gave me a mild heartattack.

+1 Get well soon smile

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