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Big news for SBI customers as bank issues alert for digital transactions

Big news for SBI customers as bank issues alert for digital transactions -. Big news for SBI customers as bank issues alert for digital transactions - Details here Banking facilities have improved significantly with the launch of online banking, but it has also created new difficulties for the account holders. Share Updated: Apr 19, 2021, 10:38 AM IST The country s largest lender, State Bank of India (SBI), has once again cautioned its 45 million customers against online fraud practices. There is no denying the fact that banking facilities have improved significantly with the launch of online banking, but it has also created new difficulties for the account holders. This is the reason why several banks and Reserve Bank of India (RBI) itself keep on issuing alerts for their customers from time to time regarding the digital frad.

Big news! State Bank of India charging money on digital transactions, card swipes from SBI account holders

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.

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