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SBI cash deposit charges - SBI cash deposit charges

 
57 Reviews
User
  vineet saini
India, s largest bank is now collecting cash deposite charges minimum Rs. 25 if the amount is not deposit in the home branch.

Then what is the benefit of the core banking and one bank account.

Every time I move to any city I have to open a new a/c.

What is the postion of the other bank if SBI is collecting such type of charegs without inform to the customers .

Vineet saini
Complaint comments 56 Comments     Updated:
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Comments

 
yes, this is so pathetic, even it was a shock for me.
 
I dont know why SBI is downgrading its stature by introducing such stupid policies.
Now you have to pay Rs. 10/- every time you need to update your passbook if you are not in your home branch city.
It can't get worse than this.
A
User
sat  
 
Yes, It was a shock even for me. They are charging Rs. 2 per Rs. 1000, if we deposit from other than home branch. But I don't know about netbanking, as I don't have netbanking account. Deducting the charges with out informing account holder is rediculus. I came to know about this when I saw mini statement of the account.
 
Hi,
i totally agree, this is rediculus for cash deposit they r charging money .
wats the use of banking if every time u have to go to home branch .
very sad scenario and this u will come to know only from bank statement .
it was big shock for me .
 
At the time, when all the banks are introduncing the consumer friendly tools, such as net banking, mobile banking, any where banking to make the banking easy and convenient, SBI is intoducing this kind of rediculus charges. This will definatily downgrade SBI.
D
User
Baskar  
 
now only sbi bank is collecting charges for cash deposits other than the home branch .This is rediculus.This should be avoided
 
now corporation bank is also collecting the same. rs. 20/- is deducted from ur account whenever u deposit cash/cheque other than ur home branch. this is ridiculus. something should be done. does RBI permit this, or this banks are doing on their own. this also comes under cosumer complaints forum as there was no information sent to customers regarding this.
 
Banks must justify it...
If all same bank branches follow the instructions of H.O. than what is the difference wheather it is delhi or mumbai. why they are taking charges...
A
User
christy  
 
if i knew this system existed i would have thought about all these options its ridiculous every transaction we need to pay 25 rs/ for deposit in other branches other than home branch where as banks like icici, hdfc, citibank do not charge this amt...please change the system ...make it customer friendly
 
deducting Rs.2/- is not more in comparison to other banks, but it should not be implemented in the same city. it is pathetic. in the same city if u deposited ur money in other branch it is not genuine. bank should change his rule deposit within a same city should not be charged.
A
User
Jagat  
 
This is worst SBI rule so far, simply threft of people's money, somebody like laloo prasad yadav may be its initiator.
three cheers to our one of fortune 500 company...Ha Ha..
 

MIN BAL CHGS - SBI,Shimla

I have SBI saving account number 00000030718256808. i am facing a problem of deduction of money from my account.two times some amount of money has been deducted from my account with reference of MIN BAL CHGS.please clarify me.i shall be very thankful to u for this.
 
I am stongly disagree why SBI charge while we deposit in the home branch.when SBI declare that SBI centriledge bank.It is totly worn
 
per day at the max how much cash we can deposit in the savings account?
 
Yes it is really pathetic .What is the use of net banking and the core banking features if one have to pay for it every time .SBI should take the charges yearly and avail these features to the required customer those who are travelling frequently and can not visit their home branch. if they wld charges nominal value then it is good. if they cant provide that much interest then why do they deduct large amount from us.
 
Yes it is really shocking for me also, before depositing cash from other that home branch, I was asked 2-3 officer of the same branch, what they said is no charges for deposit upto Rs. 25000 and other said no sharges for Upto Rs.-20000, it is really rediculous, even SBI officers do'nt know the what are the actual charges. when I saw my mini statement it is Rs.2 for every Rs. 1000. they have deducted. If they gave me actual information I could not deposit cash and use some other way.
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User
Aman  
 
AXIS bank is also collecting charges @ Rs1 per 1000Rs. for cash deposits charge; deposited in other than the home city.
This is rediculus and no point extending & claiming service like net/international banking...This should be avoided. any one has update is this permitted by RBI.
 
yes this is stupidity even charging customer if he deposit cash or update his pass book in the other branch of sbi which is in the same city. then What is the use of net banking and the core banking features or having one account.
 

Charging higher interest then what declared by SBI - SBI

i have applied for a car loan for 7 years with sbi through maruti showroom in guwahati. there was a lady from sbi who informed me that my EMI will be calculated at 11.25% instead of 8% for 1st year and she also told me that whatever extra will be paid by me will be adjusted later on and i will get refund towards the end of the loan period. i am at dismay that SBI is fooling customers as i have to pay more upfront and later on riding on my money they will adjust with even paying interest for the extra money they have taken from me.
 
HDFC is even more worst above Rs.100

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