Sbi charging 59 for deposit

[rajcasio]

Yes used dc

I thought so
3 FREE transactions include ATM withdrawal/deposit & deposit at counter using Debit card
AFAIK filling up Deposit challan and depositing money at counter in PSU banks are UNLIMITED
Didn't check with my SBI but in my BOB a/c no charges even after 5 times(last month) CASH deposit at counter using challan

 

[ritwik2000]

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. 🙂

+1

People don't even look that the service charges and think that banks without disclosing charging the same.

 

[Trust Me]

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 Never withdrawn cash with SBI card.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.

Where did I even imply that services must be provided free ?!!!

My whole point was that banks are withholding information that is already available to them, ... that they could easily provide such information on the ATM screen itself for customers' benefit. I call the absence of that disservice.

You talk about developed countries. Such information is required by law in many of them to be made available to the customers before any transaction. But it apparently is a crime if demanded in the "heaven" that is India (which is amongst the most highly taxed countries in the world, BTW)!

I can as well flip your point over, and say that people would be willing to pay for service levels equivalent to those in the developed countries.

People are well aware of the quality of services provided by Citibank India while they were here. Haven't seen very many complaining about their service charges.
.

 

[iamdhamo]

Where did I even imply that services must be provided free ?!!!

My whole point was that banks are withholding information that is already available to them, ... that they could easily provide such information on the ATM screen itself for customers' benefit. I call the absence of that disservice.

You talk about developed countries. Such information is required by law in many of them to be made available to the customers before any transaction. But it apparently is a crime if demanded in the "heaven" that is India (which is amongst the most highly taxed countries in the world, BTW)!

I can as well flip your point over, and say that people would be willing to pay for service levels equivalent to those in the developed countries.

People are well aware of the quality of services provided by Citibank India while they were here. Haven't seen very many complaining about their service charges.
.

Comparing citi with SBI or any psu is joke. What service we get properly from SBI at first for the amount we pay

Open an acc - they ask to buy insurance