Table of Contents
Why money get deducted from my account?
A bank account is debited when a transaction is made, usually with a debit card, billpayer system, or a check. The next step in a debit card transaction is that the bank puts a hold on the account for the amount of the transaction.
What is a no cash fee?
A non-cash charge is a write-down or accounting expense that does not involve a cash payment. Depreciation, amortization, depletion, stock-based compensation, and asset impairments are common non-cash charges that reduce earnings but not cash flows.
Why do surcharges exist?
A surcharge is an additional charge, tax, or payment that a company adds to the already existent cost of a good or service. Many industries, including travel, telecom, and cable, will add surcharges to offset the cost of higher prices, such as fuel, or regulatory fees imposed by the government.
How much is the tax on cash withdrawal from SBI ATM?
After the four free ATM withdrawals, customers of Basic Savings Bank Account will be charged Rs. 50 plus tax for cash withdrawal at an SBI branch, Rs. 20 plus tax at other bank ATMs and Rs. 10 plus tax at SBI ATMs.
What are the changes in the SBI basic savings bank deposit scheme?
Here are the key changes: Cash withdrawal: Customers with a Basic Savings Bank Deposit will get four free withdrawals (including ATM) in a month, after which withdrawals will be charged – at ₹ 50 plus service tax at an SBI branch and at ₹ 20 plus service tax at other bank ATMs.
What is SBI’s cash deposit limit through banking correspondents?
Cash transaction through banking correspondents: SBI said cash deposits of up to Rs. 10,000 (in multiples of 100) through banking correspondents will be charged at 0.25 per cent of the value with a minimum of Rs. 2 and maximum of Rs. 8 plus service tax.
What are the new charges of SBI from June 1?
SBI also revised charges for some other services for its customers, from June 1. Here are the key changes: Charges on ATM cards: SBI said that issuance of new debit cards will be charged from June 1 and only the RuPay Classic Card will be issued for free.