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SBI Increases Charges on Cashless Transactions : Demonetisation - NTv

Fri, Jun 02, 2017, 02:24 PM
SBI, the biggest Nationalised bank in India has already increased Charges on Cashless Transactions. All the increased charges are implemented in bank like service tax, online charge, and transaction charge. SBI has decided to implement collect various charges strictly while claiming that bank is doing this to compensate non-recoverable loans. In rural areas only 4 bank transactions per month are free. If cash is withdrawn by using Buddy Wallet charges are to be paid. SBI is going to charge even for cheque books. SBI has already announced to collect charges for online transactions and recently announced charges on ATM cards like Visa and Master cards.
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