SBI Transaction - Authorized or Unauthorized ?

SBI Transaction - Authorized or Unauthorized ?

65°
Samantha
Deal Lieutenant
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4448
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Hi Dimers,

State bank of India made a transaction of 100 rupees from my account. When I check in online , it was written that TO TRANSFER INSURANCE PREMIUM. I Don’t have any idea about this insurance and I didn’t get any certificate for the same

Any body have any Idea

CC @DealSeeker @Vatsan @rajrocks

40 Comments  |  
13 Dimers
Missing
Deal Cadet
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It could be the registration under the new government insurance scheme, I forget what it’s called.

1836037
Deal Newbie
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you would have applied for sbi life insurance when appling for your sbi account

Missing
Deal Cadet
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bro sbi has an accidental insurance policy of 1 lakh which once subscribed automatically renews after a year and 100 is auto debited from the account.. hope this helps.

Dd
Critic
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@laser wrote:

bro sbi has an accidental insurance policy of 1 lakh which once subscribed automatically renews after a year and 100 is auto debited from the account.. hope this helps.



Yes. They made this compulsory while opening accounts a few years back. https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif

Missing
Deal Cadet
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but trust me its worth it..

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Deal Lieutenant
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@Magus wrote:

@laser wrote:

bro sbi has an accidental insurance policy of 1 lakh which once subscribed automatically renews after a year and 100 is auto debited from the account.. hope this helps.



Yes. They made this compulsory while opening accounts a few years back. https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif


Not compulsary, but target based system. So they force you to buy it. I avoided that after contacting the branch manager.

Dd
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@disclaimer wrote:

Not compulsary, but target based system. So they force you to buy it. I avoided that after contacting the branch manager.



Exactly. But many would feel awkward to go to the manager for a matter of just 100 or 200 bucks a year and so, it’s almost compulsory. https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

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@Magus wrote:

@disclaimer wrote:

Not compulsary, but target based system. So they force you to buy it. I avoided that after contacting the branch manager.



Exactly. But many would feel awkward to go to the manager for a matter of just 100 or 200 bucks a year and so, it’s almost compulsory. https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif


Yes, even PSU banks following the policy adopted by private banks. Rs. 100/200 is small amount for many, but for poor people it is a considerable amount. And they neither know that is optional nor do have the courage to complain.

Dd
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@aswaniexpress

When did you opened your SBI account? (Month + year)

Dd
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@disclaimer wrote:

Yes, even PSU banks following the policy adopted by private banks. Rs. 100/200 is small amount for many, but for poor people it is a considerable amount. And they neither know that is optional nor do have the courage to complain.



Yes. They aren’t even courteous enough to explain it to us and ask if we are interested or suggest it as an option. They simply hand over the insurance form along with account opening form. When I asked the CO if it was mandatory, he said yes. I thought 200 p.a. was not a big deal and so didn’t make a fuss.

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Deal Lieutenant
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@Magus wrote:

@disclaimer wrote:

Yes, even PSU banks following the policy adopted by private banks. Rs. 100/200 is small amount for many, but for poor people it is a considerable amount. And they neither know that is optional nor do have the courage to complain.



Yes. They aren’t even courteous enough to explain it to us and ask if we are interested or suggest it as an option. They simply hand over the insurance form along with account opening form. When I asked the CO if it was mandatory, he said yes. I thought 200 p.a. was not a big deal and so didn’t make a fuss.


The person assigned the role of opening new account simply refuses to accept the form unless you fill that insurance form.

Game of thrones season 7 white walkers g6 2048x2048
Deal Colonel
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@disclaimer wrote:

@Magus wrote:

@disclaimer wrote:

Yes, even PSU banks following the policy adopted by private banks. Rs. 100/200 is small amount for many, but for poor people it is a considerable amount. And they neither know that is optional nor do have the courage to complain.



Yes. They aren’t even courteous enough to explain it to us and ask if we are interested or suggest it as an option. They simply hand over the insurance form along with account opening form. When I asked the CO if it was mandatory, he said yes. I thought 200 p.a. was not a big deal and so didn’t make a fuss.


The person assigned the role of opening new account simply refuses to accept the form unless you fill that insurance form.

no idea bro

WTF!!! no one can force to take the optional services!!! https://cdn1.desidime.com/assets/textile-editor/icon_eek.gif
if anyone forces then ask them on letter & simply raise this to RBI Ombudsman. https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif

bro @Magus
if its not worth then whats the point of having it? ex. like if u are already covered and all / not useful at all / not even worth 100 bucks.
point is every hard earned penny we spent should be worth on the services we avail.
its better to donate those hard earned 100 bucks to a charity where it has huge value rather than over here.

@aswaniexpress bro simple raise a dispute and it will get resolved.

guys, time to raise voices. dont take NO for an answer. this is really BS of sbi.

Geek
Tech Guru
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Can someone tell me if there is any yearly charges for basic debit card? I’m referring to Axis bank here. I was going through my statement and it seems like Axis has been slapping some 200 rs fees as yearly debit card charges. Other than this, They are also charging a few bucks every quarter under the pretext of " Consolidated account charges" https://cdn1.desidime.com/assets/textile-editor/icon_confused.gif . My primary account is with Citibank and i have never been charged any fees related to my account or debit card.

@aswaniexpress Sorry for the off-topic query in your thread.

Game of thrones season 7 white walkers g6 2048x2048
Deal Colonel
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@cybertechie wrote:

Can someone tell me if there is any yearly charges for basic debit card? I’m referring to Axis bank here. I was going through my statement and it seems like Axis has been slapping some 200 rs fees as yearly debit card charges. Other than this, They are also charging a few bucks every quarter under the pretext of " Consolidated account charges" https://cdn1.desidime.com/assets/textile-editor/icon_confused.gif . My primary account is with Citibank and i have never been charged any fees related to my account or debit card.

@aswaniexpress Sorry for the off-topic query in your thread.


cant confirm for axis but for sbi/icici they charge 100+ yearly on basic debit card charges.
no idea on " Consolidated account charges" . seems its total of sms and other service charges they might have consolidated.

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@aswaniexpress wrote:

@nrkmca wrote:

@aswaniexpress

When did you opened your SBI account? (Month + year)


June 2013


I opened in June 2014. Same wasn’t the case for me. I applied online though and then submitted the hard copy though

Game of thrones season 7 white walkers g6 2048x2048
Deal Colonel
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@[email protected]_0_0_D wrote:

@Magus

Nobody can harras u.


yup.

@Magus I am surprised on seeing that u didn’t do anything and silently agreed to pay. based on ur nature over here i thought u would have criticized and used ur lovely lang at that manager. https://cdn1.desidime.com/assets/textile-editor/icon_eek.gif https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif
u have disappointed us bro. u should fought for the truth. https://cdn1.desidime.com/assets/textile-editor/icon_sad.gif

Dd
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@rajrocks wrote:

@Magus I am surprised on seeing that u didn’t do anything and silently agreed to pay. based on ur nature over here i thought u would have criticized and used ur lovely lang at that manager. https://cdn1.desidime.com/assets/textile-editor/icon_eek.gif https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif
u have disappointed us bro. u should fought for the truth. https://cdn1.desidime.com/assets/textile-editor/icon_sad.gif



Come on, man. As much as I love to be truthful, I’m not one who is ignorant of the harsh realities of life. They need to run their business as well. When sectors like India Post, which are fundamentally service-oriented, could harass their customers to take insurance policies in the name of expansion, expecting SBI to be customer-centered is asking for too much. The branch had only been two days old when I went there to open my account. They were running after a target of their own to please their superiors and justify their existence as a separate branch. So, I thought it’s not a big deal since I don’t have any other IPs in my name. Supposing I will live for 40 years from the date of opening the account, I’m paying an amount of Rs.8000 for a policy which covers me for 2 lakhs. That’s not too bad, is it? https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Missing
Deal Lieutenant
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@rajrocks wrote:

@disclaimer wrote:

@Magus wrote:

@disclaimer wrote:

Yes, even PSU banks following the policy adopted by private banks. Rs. 100/200 is small amount for many, but for poor people it is a considerable amount. And they neither know that is optional nor do have the courage to complain.



Yes. They aren’t even courteous enough to explain it to us and ask if we are interested or suggest it as an option. They simply hand over the insurance form along with account opening form. When I asked the CO if it was mandatory, he said yes. I thought 200 p.a. was not a big deal and so didn’t make a fuss.


The person assigned the role of opening new account simply refuses to accept the form unless you fill that insurance form.

no idea bro

WTF!!! no one can force to take the optional services!!! https://cdn1.desidime.com/assets/textile-editor/icon_eek.gif
if anyone forces then ask them on letter & simply raise this to RBI Ombudsman. https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif

bro @Magus
if its not worth then whats the point of having it? ex. like if u are already covered and all / not useful at all / not even worth 100 bucks.
point is every hard earned penny we spent should be worth on the services we avail.
its better to donate those hard earned 100 bucks to a charity where it has huge value rather than over here.

@aswaniexpress bro simple raise a dispute and it will get resolved.

guys, time to raise voices. dont take NO for an answer. this is really BS of sbi.


No need to contact RBI. Complain online at their website and the manager will call you to apolgize https://cdn1.desidime.com/assets/textile-editor/icon_biggrin.gif

Missing
Deal Lieutenant
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@cybertechie wrote:

Can someone tell me if there is any yearly charges for basic debit card? I’m referring to Axis bank here. I was going through my statement and it seems like Axis has been slapping some 200 rs fees as yearly debit card charges. Other than this, They are also charging a few bucks every quarter under the pretext of " Consolidated account charges" https://cdn1.desidime.com/assets/textile-editor/icon_confused.gif . My primary account is with Citibank and i have never been charged any fees related to my account or debit card.


Nothing comes free these days. Citibank is most generous in term of charges levied, most of the services are free or very reasonably priced.

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@rajrocks wrote:

cant confirm for axis but for sbi/icici they charge 100+ yearly on basic debit card charges.


Hasn’t ICICI raised charges to Rs. 150+ST like HDFC and Axis? SBI Global debit card also charged at Rs. 150+taxes

Game of thrones season 7 white walkers g6 2048x2048
Deal Colonel
1,295
54,426
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@disclaimer wrote:

@rajrocks wrote:

cant confirm for axis but for sbi/icici they charge 100+ yearly on basic debit card charges.


Hasn’t ICICI raised charges to Rs. 150+ST like HDFC and Axis? SBI Global debit card also charged at Rs. 150+taxes


Wasn’t sure on numbers that’s y I mentioned 100+

Img 20180128 082349
Deal Lieutenant
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Was charged 114.5/- on SBI debit card.

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@rajrocks wrote:

@disclaimer wrote:

@rajrocks wrote:

cant confirm for axis but for sbi/icici they charge 100+ yearly on basic debit card charges.


Hasn’t ICICI raised charges to Rs. 150+ST like HDFC and Axis? SBI Global debit card also charged at Rs. 150+taxes


Wasn’t sure on numbers that’s y I mentioned 100+


For normal account it is 150+St. Will have to check for basic account.

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@saymyname wrote:

Was charged 114.5/- on SBI debit card.


For maestro card and classic debit card it is still 100+st

Geek
Tech Guru
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@disclaimer wrote:
Nothing comes free these days. Citibank is most generous in term of charges levied, most of the services are free or very reasonably priced.


Thanks!

Yes Citi is indeed very generous when it comes to charges. But Citi also has dubious distinction of cherry picking their customer’s. Although i don’t need to maintain any monthly/quarterly charges but i’m aware that Citi has a very high average monthly minimum balance limit.

Geek
Tech Guru
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@Magus wrote:

* I’m paying an amount of Rs.8000 for a policy which covers me for 2 lakhs*. That’s not too bad, is it? https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif


8000 rs for 2 yrs policy. Is it for term insurance or health insurance ?

Missing