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Sbi charging 59 for deposit
If you are wealth they might refund you, else they will always be on Lunch Breaks.
akiratoriyama
TF Premier
Banks and RBI and govt are giving more and more reasons these days to not transact digitally imo. This and rampant freezing of accounts is painful.
why dont you convert your account to auto-sweep
msd07
TF Premier
luks like ur account has some limitations on how much can be deposited.. u may have to visit branch and convert the account type
Aniket
TF Prestige
Yes, ₹59 (50+18% GST).
You must have deposited over the counter.
Remember there's withdrawal restrictions as well. If you have upto 25k AMB, then post 2 txns, same charges will get levied.
From next time, avoid counter as much as possible keeping no. of limit in mind.
Ignorance of law is no excuse.
Bro, you can not take benefit by saying I was not aware. It's clearly a policy and mentioned publicly.
Not only SBI even other banks restrict it and practice it in a similar way.
Contact your BM & ask, he is vested with the authority to make refund/reversal.
Aniket
TF Prestige
Excess credit? 🤔
Yeah cash deposit they mean by excess credit
They did not provide any form to read about it? Where are these info disclosed?
All deposits done in home branch only
Aniket
TF Prestige
Not excess credit, but excess no. of free transactions.
I guess you don't hold BSBDA.
Aniket
TF Prestige
For SBI: https://sbi.co.in/web/personal-banking/information-services/kyc-guidelines/revised-service-charges
Banks send emails and update their websites regularly. It's not bank's duty to let you know about everything. Before using a service it is our own duty to check what are different charges. I myself check website every month end or start of month for any kind of changes of all the banks I have account with. When you open bank website, at end of page there is Service Charges under personal Banking. There is also common service charges link.
Every bank allows 3 free cash deposits after which they charge. Some banks even have deposit max. upto 1L per month for free and after that they charge. So if you deposited 1L in 1 txn and have 3 free txns, you will be charged for second txn itself as you breached limit in one txn itself.
What you expect from bank? You think they will go through your statement first and check whether you have deposited 3 times or more or not?
ATM has 5 free txns and you must note down how many you do. If you are charged for 6th, you can't blame bank.
In India people aren't habitual to reading rules or TnC first. They live blindly and cry.
P.S: Don't take personally. It is just a general reply. You wont be refunded until unless you are a big client for them. In past I also went for 4th deposit in ICICI. Even though I am a big customer to them I didn't bothered them and accepted my neglect on my own. 🙂
Let me check what is the acc type
I usually go thru but missed this time. I never thought for depositing they will charge. I should keep updated going forward
Dr.AMAN
TF Select
Also remember that any cardless cash deposit done in SBI's cash deposit machine after banking hours(i.e. after 4.30pm) will cause Rs.40+gst deposit fees. It came as a rude shock to me once when I deposited money usimg cardless route at 7pm. So always carry ur Debit card if depositing money in ATM/CDM.
