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this rule is there for years nowAlso 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.
Yes but not many people are aware of it, just like how OP was not aware of the Rs.59 deposit charges. It seems a bit absurd to be honest. It is like paying money to deposit our own money with the bank. These banks are trying to force customers to use physical debit card even to deposit money in ATM/CDM in this digital era. New age banks like IDFC first have better approach here. Atleast they r providing free cash deposit/withdrawl without any limit.this rule is there for years now
It was introduced in Sep'24 not years backthis rule is there for years now
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.
If you are wealth they might refund you, else they will always be on Lunch Breaks.
it was 20rs + gst years back on cardless deposit irrespective of timing of day on sbi cdm machineIt was introduced in Sep'24 not years back
Some banks already send SMS with no. of txns used like PNB, ICICI. Never withdrawn cash with SBI card.But we sure can (and should) blame RBI for not making it mandatory for the banks to show the number of ATM transactions already done by the customer in any given month, right on the ATM screen itself! Their softwares obviously keep track of this information. So why can't they show it on the screen for customer benefit ?!
Some years back I did suggest the same to RBI. They chose to ignore it.
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Been there since 2022. In Sep they made changes to other services. The document shows the date of last update or changes. There are hundred of services in documents and whenever there is slight change in any of them they put latest date.It was introduced in Sep'24 not years back
Nahi bhai, yeh bahot pehle se hai.ye fees ka idea online grocery valo se aaya hai lagta hai cash handling fees
Did u use your Debit card for depositing cash in the counter? If YES then charges are applicable after 3 times FREE transactionHi Team
Sbi is charging 59 if we deposit money more than 3 times a month
This is a real loot and I was not aware of this
No, even if you deposit at counter and it is your 4th time, you will be charged. System deducts automatically and keeps track of every cash txn you do in acc. 🙂Did u use your Debit card for depositing cash in the counter? If YES then charges are applicable after 3 times FREE transaction
AFAIK in SBI filling the DEPOSIT challan and depositing cash in counter doesn't attract any additional charges.
We are the leaders in Fintech now. Banks are already saving money by using ATM instead of engagging and paying more salary to staff. Charging for cash withdrawl makes sense that they r trying to reduce dependence of cash in the econony. But charging even for cash deposit makes little sense that too at CDM. Half the time SBI's CDM is not working in most places. Sometimes even genuine Cash notes are rejected by the machine if the notes are even slightly old. They also have a monthly limit for cash deposit. After all this they expect us to pay extra for cardless deposit after bank hours. Most of us are busy at morning hours so we get time to deposit only after banking hours. It feels bad to pay Rs 47 just to deposit Rs.2000 in CDM after 4.30 using cardless method. That is like 2% surcharge for depositing our own money to them. Cardless deposit should either be free upto 3 monthly limits or the charges should be proportional to the amount deposited. When banks are moving towards cardless cash withdrawl using UPI barcode in ATMs y cant they promote free cash deposit.Some banks already send SMS with no. of txns used like PNB, ICICI. Never withdrawn cash with SBI card.
People always look for facilities and convenience and services as per their will but harsh reality is they don't want to pay. Due to such attitude businesses or banks here don't want to serve customers.
As I always says, people here aren't aware of what world pays for having banking services. We in India living in heaven yet we think we are being looted and it's all because we don't want to pay for things we need.
If you want cash too much why not take it out as per your monthly requirement at once? I mean you will go to an ATM that will cost you time and petrol and then you want banks to bear cost of services like running ATM all day for you and also the AC that is needed to keep it cool so that it dont burn out.
West and America didn't became developed with such mentality. People here cry a lot. Bitter truth will never change for us. Even sometimes I cry for things that I need but don't want to pay money for it because I think these shouldn't be charged.
Life is more like booking a non-AC hotel room and pleading to get AC one. 🙁
it was 20rs + gst years back on cardless deposit irrespective of timing of day on sbi cdm machine
.It was introduced in Sep'24 not years back
Yes used dcDid u use your Debit card for depositing cash in the counter? If YES then charges are applicable after 3 times FREE transaction
AFAIK in SBI filling the DEPOSIT challan and depositing cash in counter doesn't attract any additional charges.
they didn't get developed by any mentality. Just through war, financing and waging war, and looting other prosperous countries like India, China etc. And that is running out slowly but surelyWest and America didn't became developed with such mentality.
War was also during Ramayan and Mahabharat. So wars are eternal and will always be there.they didn't get developed by any mentality. Just through war, financing and waging war, and looting other prosperous countries like India, China etc. And that is running out slowly but surely