Big news! State Bank of India charging money on digital transactions, card swipes from SBI account holders
A new study by IIT-Bombay has revealed that SBI collected over Rs 300 crore by imposition of service charges during the period 2015-20.
Share
Updated: Apr 12, 2021, 11:54 AM IST
A study by IIT-Bombay has revealed State Bank of India and several other banks in the country have been imposing excessive charges on certain services wbich are provided to those with zero-balance or Basic Savings Bank Deposit Accounts (BSBDA). According to the study, the decision by SBI, which is country s largest public lender, to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders is not reasonable.