Hotness EXCESS DR charge, State Bank (SBI)

Hot Deal EXCESS DR charge, State Bank (SBI)

308°
Md 5a686577a583d%282%29
Deal Cadet
53
295
4

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?

18 Comments  |  
15 Dimers
Article 0 0751a706000005dc 841 468x483
Deal Subedar
328
1371
16

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

Missing
Deal Cadet
107
374
2

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

Yellow11 1256751 480x300 v1
Deal Subedar
75
1703
98

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

Missing
Deal Cadet
91
186
2

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

Images
Deal Subedar
134
1860
26

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

Missing
Deal Cadet
85
707
29

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

Puss in boots and kitty
Deal Subedar
0
1075
64

still using sbi useless bank stuck_out_tongue

Missing
Deal Cadet
168
791
10

does this also apply on upi transactions?

Bal ganesh
Deal Lieutenant
94
3754
48
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.

15359988
Tech Guru
1,451
4166
133

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????

Missing
Deal Lieutenant
94
6351
111
schumacher wrote:

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

has it changed or reduced after merger with BOB

Missing
Deal Cadet
85
707
29
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

Puss in boots and kitty
Deal Subedar
0
1075
64

LOl what about security….. smile smile No security

10
Deal Newbie
50
32
1

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…

Missing
Deal Cadet
74
120
1

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

Missing
Deal Lieutenant
94
6351
111
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

Yellow11 1256751 480x300 v1
Deal Subedar
75
1703
98
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

Images
Deal Cadet
80
140
0

use paytm bank , do as many transaction as you wish

Missing