Big news! State Bank of India charges SBI account holders for digital transactions, card swipe
A new study from IIT-Bombay has revealed that SBI 2015-201. It has collected more than Rs 300 crore by imposing service charges during the period.
A study by IIT-Bombay has revealed that the State Bank of India and several other banks in the country have levied additional charges for certain services provided to zero-balance or Basic Savings Bank Deposit Accounts (BSBDA) providers.
According to the survey, the decision of SBI, the country's largest public lender, to charge Rs 1,70 per debit transaction for four out of four by BSBDA account holders is not "reasonable".
According to the survey, SBI has collected more than Rs 300 crore through service charges in 2010-2016. Punjab National Bank, which has 3.99 crore BSBD accounts are in second place with a collection of Rs 9.9 crore at the same time.
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