Levying of user charges by SBI

Levying of user charges by SBI

State Bank of India (SBI) has reported that no charges have been levied for cheque book, minimum balance etc. at other branches. A minor charge for deposit of cash at non-home branch and updation of passbook at non-home branch are levied by the bank as deposit of cash at non- home branch amounts to remittance which the customer would have paid for anyway by way of a draft. Updation of passbook would also fall in the same category.

According to SBI no hardships are being faced by senior citizens and pensioners, especially since the bank can transfer accounts to the nearest branch of the pensioner, if he so desires without costs. The SBI constantly reviews all the various charges, from time to time.

This information was given by Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Rajya Sabha today.