Depositing and withdrawing funds into SBI's account starting October 1. The State Bank of India (SBI), the largest bank in the country, has changed several rules.

Depositing and withdrawing funds into SBI's account starting October 1

         

Depositing and withdrawing funds into SBI's account starting October 1

              Depositing and withdrawing funds into SBI's account starting October 1. The State Bank of India (SBI), the largest bank in the country, has changed several rules. The bank has made some changes.Although customers are being informed for this, all customers should ask for more information at their nearest SBI branch. We will also go into detail here.

Let us briefly discuss some of the questions and then go into detail.

  1) New rules for depositing money in a bank account.

  2) Bank charges 12% GST on service charges.

  3) Rule of monthly minimum balance

  4) Charges and charges for the customers in the Semi Urban branch.

  5) Balance statement in semi urban branch and rural branch.

 6) 50 to 75 percent of the amount and details of amount over 75.

7) Details regarding maintenance of 1000 rupees monthly in rural branch.

 8) Details of monthly balance of Rs. 25,000 and balance of Rs.

  9) Details over Rs 50,000 and up to Rs 100,000

 10) Details of the rule changes of NEFT and RTGS.

 11) Maximum deposit limit for non-home branch.

  12) Some new rules apply for SBI ATMs.

  13) Checkbook Rules.

  14) Rules of Check Returns.

               Under the new rules, the SBI reduced the check book pages and charged the bounce (check book). Such new rules will come into effect from October 1, 2019 across the country.

 The Bank has made it clear that the following changes have been made as per the new service charge policy.

 1) In the financial year, instead of 25, only 10 checks will be given free on savings account.

 2) To get 10 checks, you have to pay 40 rupees.

 3) After the first free checkbook you have to pay 30 rupees to get 10 checks.

 4) GST has to be paid separately.

 5) There will be an advantage of deducting up to 80% of the charges if there is no minimum balance left in your account.

6) The transaction will also be cheaper through NEFT and RTGS.

Question 1) 

          Learn about the new rules for depositing money in a bank account - According to the bank's new circular, after October 1, 2019, you will be able to deposit your account for free only three times in a month. If you deposit more than this amount, you should note that you will have to pay Rs.50 (extra GST) fee for each transaction.

Question 2) 

           Bank charges 12% GST on service charges - Bank charges 12% GST on service charges. Because every time you deposit a fourth and a fifth or more, you have to pay 56 rupees more each time. It is bound to be remembered.

★ There is no obligation to deposit money in any bank account. But how many times a month can a person deposit money into his account?

Question 3) 

           The details of the monthly minimum balance rules have been changed as follows - The minimum balance in the city will be increased from Rs 5,000 to Rs 3,000 and if a customer is unable to keep at least Rs 3000 balance in his account due to the change in the new rules, his amount will be reduced to 1500. Charges will be made with Rs and GST. It should be noted

Question 4)

         Charges and charges for customers in Semi Urban Branch - If the customer is able to maintain less than 50% balance in Semi Urban branch, he will have to pay Rs 7.50 more GST.

Question 5) 

                     Statement of Balance Balance at Semi Urban Branch and Rural Branch - SBI customers should keep a minimum balance of Rs 2000 monthly in their account and maintain an average 1000 maintenance in rural branch. It will remain binding.

Question 6)

                 50 to 75 percent amount and more than 75 amount details - To maintain 50 to 75 percent amount, a fee of Rs 10 has to be paid with GST. If more than 75 percent of the amount is retained, Rs 12 and GST will be charged.

Question 7) 

                   The details regarding maintenance of Rs 1000 monthly in the rural branch are as under: Maintenance of monthly 1000 rupees in the rural branch and if a customer is maintaining less than 50% balance, he / she will have to pay Rs 5 plus GST. Up to 50% amount will have to be paid 75% ie Rs 7.50 and GST. Over 75% will be charged with Rs.10 and GST.

Question 8) 

                  Monthly balance of Rs 25,000 and Rs 50000 - Details of Rs 25,000 monthly balance holders can withdraw free cash twice a month. If you have an average monthly balance of between 25,000 and 50,000, you can withdraw ten free cash withdrawals. It's going to be an advantage.

Question 9) 

                Details above Rs.50,000 and Rs.1,00,000 are as follows - See there is a GST fee above Rs.50,000 and Rs.100,000 upto Rs.15, while customers above Rs.100,000 can get unlimited transactions. This is a big change.

Question 10) 

               Details of the rule changes of NEFT and RTGS -

This digital payment channel is free and charges a fee at the branch. NEFT will have to pay Rs 2 more GST for transactions up to Rs 10,000.

 ★ If you are making NEFT more than 2 Lakhs, then there is a GST fee of Rs. Also, if you are sending Rs 2 lakh to 5 lakh for RTGS, then the customer will have to pay Rs 20 more GST fee. And for transactions beyond Rs 5 lakh, there will be a GST charge of Rs 40.

★ For RTGS, customer will have to pay Rs 20 lakh plus GST from Rs 2 lakh to Rs 5 lakh. RTGS transfers over Rs 5 lakh will have to pay Rs 40 more GST charges.

★ As per the new change, if a customer deposits three times a month in a savings account and withdraws the amount, then the transaction will be free. Each transaction will result in a charge of Rs.

Question 11) 

              In a non-home branch - the maximum deposit limit is Rs 2 lakh a day. After that, the non-home branch manager will decide whether to accept more cash.

Question 12) 

              Some new rules for SBI ATMs have been implemented as under - change from 1st October. Bank customers will now be able to make a maximum of 10 free debit transactions through Metro City SBI ATMs. Currently this limit is 6 transactions and maximum 12 transactions can be made from ATMs elsewhere. After that no transaction will be free.

 Question 13)

                    Checkbook Regulations - From 1st October, first 10 checks will be made available to Savings Bank account holders for free.

  After that

1) A check book of 10 checks will be charged Rs 40 + GST ​​and Rs. 75 + GST ​​for 25 check book.

Question 14)

                   Check return rules - According to the bank's circular, if the check is returned after October 1 for technical reasons (excluding bounce), the issuer of the check has to pay Rs. The fee will be Rs 168 with GST. It will not change.

In short read the news : -

◆ Rules for depositing money in a bank account - From October 1 onwards you can only deposit money in your account 3 times in 1 month If you deposit more times than that, there will be a charge of Rs 50 more.

◆ The minimum balance in the cities will be Rs 3,000 instead of Rs 5,000. As per the new rules, the customer can not keep a balance of at least Rs 3,000 in his account and if the amount is Rs 1500, then a charge of Rs 10 and GST will be charged.

◆ At the Semi Urban branch, SBI customers will have to keep at least Rs 2,000 a month in their account. Rupees should be kept at a minimum of Rs.

◆ Zero Balance Account - This type of account is called BSBD account. SBI's BSBD account can be opened easily like any other account. You have to meet the rules of KYC. This account can be opened single or giant. You can start this account in all State Bank branches across the country.

◆ SBI has stated that Zero Balance Account has many facilities free of cost. That is, ATM Cards, Internet Banking Services, ATMs will get free withdrawal services 4 times a month.