Service Charges Levied By State Bank Of India (SBI) For Different Facilities

State Bank of India or SBI, the country's largest lender, offers a wide range of services under its personal banking segment. From deposit schemes to ATM services, from net banking facility to money transfer services, the lender provides a variety of options for customer's requirements. However, the bank also charges customer for some of its services. The lender has also fixed a certain monthly average balance (MAB) requirement for its savings bank account customers. Customers failing to meet the MAB requirements have to bear certain penalty charges..Here are different types of service fee and penalty charges levied by SBI:.Regular savings account opening/closing charges.For SBI customers, there are no account opening and closure charges, according to the website of the lender- sbi.co.in..ATM card usage charges.SBI offer ATM-cum-debit cards but levy certain usage charges. Customers are charged for transactions at ATMs over and above the permitted number of free transactions. The ATM card charges apply depending on the type - whether it belongs to the same bank where the customer's account is located or some other bank- and nature of ATM - whether the ATM is located in a metropolitan or any other city in the country. .Here are the various charges of SBI's ATM cards as stated on bank's website:.table.tab_3 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 14px; } table.tab_3 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tab_3 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.tab_3 th:nth-child(1), table.tab_3 td:nth-child(1) { width: 40%; } table.tab_3 th:last-child, table.tab_3 td:last-child { border-right: 0; } .scroll { overflow: auto; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.tab_3 { display: table; min-width: 280px; max-width: 100%; } table.tab_3 th, table.tab_3 td, table.tab_3 th:nth-child(n+1), table.tab_3 td:nth-child(n+1) { display: table-cell; line-height: normal; } table.tab_3 th:last-child, table.tab_3 td:last-child { border-right: 0; } } . Debit Card Issuance Charges Normal (Classic/Global) Nil Gold Debit Card 100/- (including tax) Platinum Debit Card 306/- (including tax) Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards) Classic Debit Card 100/- plus tax Silver/Global /Yuva /Gold Debit Card 150/- plus tax Platinum Debit Card 200/- plus tax Pride/Premium Business Debit Card 300/- plus tax Debit Card Replacement Charges Rs.204/- (including tax) Duplicate PIN/ Regeneration of PIN Rs.51/- (including tax) Domestic Transaction Charges Transactions at State Bank Group ATMs Free Other Bank ATMs - Up to 5 Transactions during a calendar month (for savings bank account only) Free Other Bank ATMs – Beyond 5 transactions(in Savings account) AND other than savings account: Financial Transaction: 17/- (including tax) Non-Financial Transaction 6/- (including tax) Penalty charges for non-compliance of minimum balance rule Customers holding regular savings accounts with the bank are required to maintain a monthly average balance (MAB) to the tune of Rs 1,000-3,000, which varies depending on branch location. The penalty charge for not maintaining the required MAB in SBI's metro and branches ranges from Rs 10 plus GST (goods and services tax) to Rs 15 plus GST, according to the bank's website. table.sbiTbln1 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 14px; margin: 10px 0px; } table.sbiTbln1 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbiTbln1 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.sbiTbln1 th:last-child, table.sbiTbln1 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbiTbln1 { max-width: 100%; } table.sbiTbln1 th, table.sbiTbln1 td { display: table-cell; line-height: normal; } table.sbiTbln1 th:last-child, table.sbiTbln1 td:last-child { border-right: 0; } Metro and urban branch (required MAB Rs 3,000) Charges Shortfall 50-75% Rs 12 + GST Shortfall > 75% Rs 15 + GST (As mentioned on sbi.co.in) Customers with accounts in semi-urban areas are required to maintain an average monthly balance of Rs 2,000. The lender charges a penalty amount ranging from Rs 7.5 plus GST to Rs 12 plus GST from customers failing to comply with the minimum balance rules in its semi-urban branches. table.sbiTblc3 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 14px; margin: 10px 0px; } table.sbiTblc3 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbiTblc3 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.sbiTblc3 th:last-child, table.sbiTblc3 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbiTblc3 { max-width: 100%; } table.sbiTblc3 th, table.sbiTblc3 td { display: table-cell; line-height: normal; } table.sbiTblc3 th:last-child, table.sbiTblc3 td:last-child { border-right: 0; } Semi-urban branch (required MAB Rs 2,000) Charges Shortfall 50-75% Rs 10 + GST Shortfall > 75% Rs 12 + GST (As mentioned on sbi.co.in) Customers holding an account in rural branch are required to maintain a monthly average balance of Rs 1,000. The lender charges penalty to the tune of Rs 5-10 plus GST for non-compliance with the monthly average balance rules in these branches. table.sbiTblc2 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 14px; margin: 10px 0px; } table.sbiTblc2 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbiTblc2 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.sbiTblc2 th:last-child, table.sbiTblc2 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbiTblc2 { max-width: 100%; } table.sbiTblc2 th, table.sbiTblc2 td { display: table-cell; line-height: normal; } table.sbiTblc2 th:last-child, table.sbiTblc2 td:last-child { border-right: 0; } Rural (required MAB Rs 1,000) Charges Shortfall 50-75% Rs 7.50 + GST Shortfall > 75% Rs 10 + GST (As mentioned on sbi.co.in) Instant money transfer service charges SBI offers instant money transfer facilities such as Immediate Payment Service (IMPS) and National Electronic Funds Transfer (NEFT). IMPS is an instant interbank electronic fund transfer facility that allows customer to transfer funds on a 24x7 basis and 365 days of the year. Here are the IMPS charges levied by SBI as mentioned on its website: table.tab_1 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 14px; } table.tab_1 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tab_1 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.tab_1 th:nth-child(1), table.tab_1 td:nth-child(1) { width: 40%; text-align: left; } table.tab_1 th:last-child, table.tab_1 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.tab_1 { display: table; min-width: 280px; max-width: 100%; } table.tab_1 th, table.tab_1 td, table.tab_1 th:nth-child(n+1), table.tab_1 td:nth-child(n+1) { display: table-cell; line-height: normal; } table.tab_1 th:last-child, table.tab_1 td:last-child { border-right: 0;} } No Amount Charge 1 Up to Rs.1000/- No Charges 2 Rs.1001 to Rs 10,000/- Rs.1/- + GST 3 Rs.10,001 to Rs 1,00,000/- Rs.2/- + GST 4 Rs 1,00,001 to 2,00,000/- Rs.3/- + GST (As mentioned on sbi.co.in) National Electronic Funds Transfer or NEFT is a nation-wide payment system that enables electronic transfer of funds. Here are the NEFT charges levied by SBI as mentioned on its website: table.tble_wrap4 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap4 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap4 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap4, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap4, thead, tbody, th, td, tr { font-size: 12px; } table.tble_wrap4 th { padding: 3px; } table.tble_wrap4 td { padding: 3px; } /*tabl.tble_wrap4e th:nth-child(3), table.tble_wrap4 td:nth-child(3), table.tble_wrap4 th:nth-child(4), table.tble_wrap4 td:nth-child(4) { display: none; }*/ } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ Item Transaction Slab Charges (exclusive of Goods and Service Tax) Internet banking charges (exclusive of Goods and Service Tax) NEFT Up to Rs 10,000 Rs 2.50 Rs 1 Up to Rs1 lakh Rs 5.00 Rs 2 Above Rs 1 lakh to Rs 2 lakh Rs 15.00 Rs 3 Above Rs 2 lakh Rs 25.00 Rs 5 (As mentioned on sbi.co.in) Interest rates, meanwhile, on SBI deposit schemes such as FD vary, depending on factors such as maturity period and amount of deposit.

Service Charges Levied By State Bank Of India (SBI) For Different Facilities

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