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Help regarding S.B.I Deposit Charges in Saving Account

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Deal Cadet
abhim25

Today i deposited a sum of Rs.65000 in my Saving account . It was my home branch . I took the receipt from the cashier . After some time i received an sms stating " Your AC XXXXXXXXXX Debited INR 22.43 on 01/11/16 -CASH HND CHR . I couldn’t understand https://cdn1.desidime.com/assets/textile-editor/icon_confused.gif why i have been charged , so i took mini statement . There it was mentioned clearly its Cash Handling Charges https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif . So may i know from when they have started to charge a customer on depositing money in home branch & what are the charges and terms & Condition.
Ps, I tried google the issue but couldn’t find anything helpful.

@KuttaJi @DealSeeker @Spock @Magus @Alpha.Barood

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Deal Cadet Deal Cadet
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call your SBI Customer care. they will help you & have you attached PAN CARD to your that savings account as i guess they might have charged you because of it as for depositing more than 49999, you need to have PAN CARD

Deal Cadet Deal Cadet
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Pan & Adhar is already linked with my Account . and while depositing the amount i did mention my PAN number in the form to .

Perfectionist Perfectionist
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@abhim25 Starting from June this year, SBI introduced some new charges. The charge on your account was a result of those changes. Basically, they charge Rs.0.3+ST per 1000 for the full amount for any deposit above 50K. This is why you were charged 22.43 (= (65 × 0.3) + ST). Also, you are only allowed 3 free deposits in a month before they charge 50 per deposit + ST.

Deal Cadet Deal Cadet
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@DealSeeker wrote:

@abhim25 Starting from June this year, SBI introduced some new charges. The charge on your account was a result of those changes. Basically, they charge Rs.0.3+ST per 1000 for the full amount for any deposit above 50K. This is why you were charged 22.43 (= (65 × 0.3) + ST). Also, you are only allowed 3 free deposits in a month before they charge 50 per deposit + ST.


Are you taking about these changes
https://www.sbi.co.in/portal/documents/28392/54...

In second page its mentioned something similar

Deal Captain Deal Captain
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5 deposit + 5withdrwl (ATM) free in a month
After 5 deposit u will charge for 57 https://cdn1.desidime.com/assets/textile-editor/icon_biggrin.gif for deposit in SB account

Perfectionist Perfectionist
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@abhim25 wrote:

@DealSeeker wrote:

@abhim25 Starting from June this year, SBI introduced some new charges. The charge on your account was a result of those changes. Basically, they charge Rs.0.3+ST per 1000 for the full amount for any deposit above 50K. This is why you were charged 22.43 (= (65 × 0.3) + ST). Also, you are only allowed 3 free deposits in a month before they charge 50 per deposit + ST.


Are you taking about these changes
https://www.sbi.co.in/portal/documents/28392/54...

In second page its mentioned something similar


Yep, that seems to be the relevant official notification about the changes. CC @Patel

Deal Cadet Deal Cadet
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अब तो पैसे जमा करने के भी पैसे लगेंगे । https://cdn1.desidime.com/assets/textile-editor/icon_sad.gif https://cdn1.desidime.com/assets/textile-editor/icon_sad.gif
पूंजीवादी हाय हाय https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif
T: Capatalism Down Down

Deal Cadet Deal Cadet
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@DealSeeker wrote:

@abhim25 Starting from June this year, SBI introduced some new charges. The charge on your account was a result of those changes. Basically, they charge Rs.0.3 ST per 1000 for the full amount for any deposit above 50K. This is why you were charged 22.43 (= (65 × 0.3) ST). Also, you are only allowed 3 free deposits in a month before they charge 50 per deposit ST.


In my local SBM branch its Rs 115 for deposits below Rs 50k. I have resorted to replenishing funds via IMPS since I had cancelled the associated debit card long ago.

Critic Critic
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Wow! Amazing! Why not introduce parking charges for our bikes/cars? And give it all to the likes of Mallya. https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif

Generous Generous
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Also, using their Cash Deposit Machines, if you deposit by card, its free, but if you deposit by entering Account Number, Rs 25 is charged for the deposit.

And of course, charges for depositing cash from non-home branch.

Deal Subedar Deal Subedar
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May be they have different limits for these charges for different type of accounts. We have a corporate current account and cash handling charges are levied for deposits more than 25000

Deal Subedar Deal Subedar
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😰

Deal Subedar Deal Subedar
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50000rs/day limit for depositing into own account at home branch. Use other nearby banks to deposit and do NEFT. I have kotak account near my house and I deposit there for free.

Critic Critic
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@hiqi wrote:

50000rs/day limit for depositing into own account at home branch. Use other nearby banks to deposit and do NEFT. I have kotak account near my house and I deposit there for free.


When KOTAK can do it for free, why not SBI which is India’s largest bank? Criminals!

Deal Subedar Deal Subedar
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32% quarter loss, 7% NPA in SBI. Yet they are backing and merging all other PSBs which are already drowning with 11% NPA and a loss of over 15000crore this quarter. What angers SBI is that most people like me https://cdn3.desidime.com/assets/textile-editor/icon_twisted.gif deposit money only to load their wallets like paytm, freecharge, pockets etc. https://cdn1.desidime.com/assets/textile-editor/icon_biggrin.gif

Deal Cadet Deal Cadet
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@Magus wrote:

Wow! Amazing! Why not introduce parking charges for our bikes/cars? And give it all to the likes of Mallya. https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif

Bro each bank will have certain limits up to which they can hold cash. When the cache is Access they have to deposit into a specialised bank which is located at headquarters in each district. They are just transferring the cash handling charges 2 customers directly as they have to in Karthik expense in transporting cash safely

Deal Subedar Deal Subedar
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Solution: Swindle cash in crores and they’ll buy you a flight ticket to London and will come to the airport to send you off.

I pity those people in the lower income group who do many transactions in 100s and 1000s. Most of these people would have accounts in SBI, and they’d have no idea of their hard-earned money being scrapped off in the name of charges to help poor Vijay Mallya.

Deal Cadet Deal Cadet
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SBI is chor Bank and their employees are Kaamchor. Change Bank….

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