What is inter city charges in SBI?
What is inter city charges in SBI?
Beaware of SBI Inter City Charges, if you deposit money in any of SBI Branch they will charge you Rs 50 for the amount above 20000, with in less than 10000 they are charging 25 Rs.
Is there any charges for cash deposit?
in the Basic Savings Account. In the Savings (other than Basic SA) and Current Accounts, the cash deposits will be Free up to Rs. 10,000 per month and thereafter, a charge of 0.50% of the value subject to a minimum of ₹25 per transaction will be levied.
Does SBI charges for cash deposit?
Cash deposit transactions SBI is offering three transactions free every month for deposit of cash. If the cash deposit transaction exceeds three, then Rs 50 plus GST will be charged per transaction.
What is the meaning of inter city charges?
As you said intercity charge is only for transaction through bank. For interbank transfers, which means SBI to Canara bank or Indian bank or so on, the transaction charge is Rs. 5 per transaction up to Rs. 1 lakh.
How much does bank charge for deposit?
From March 31, Nigerian banks will charge you 2% for every deposit above N500,000. The new charges include a 2% processing fee for cash deposit and 3% processing fees for a withdrawal above N500,000. For corporate accounts, it is 5% and 3% for withdrawal and deposit above N3 million.
How can I avoid CDM in SBI?
If you deposit money into CDM usina an account number, Rs 25 will be deducted from your account on successful deposit. If you use an ATM/Debit card to deposit cash using CDM, no charges will be levied.
How much cash money can you deposit?
If you deposit more than $10,000 cash in your bank account, your bank has to report the deposit to the government. The guidelines for large cash transactions for banks and financial institutions are set by the Bank Secrecy Act, also known as the Currency and Foreign Transactions Reporting Act.
Which banks have no fees?
Axos Bank, nbkc bank, Charles Schwab Bank, Discover Bank and Capital One 360 have checking accounts with no monthly fee and few other fees. However, there are other checking options available that may better suit your needs.
What are bank transfer charges?
A nominal charge of Rs 0.50 per transaction is charged by the mobile operator. There are no charges on the transfer of funds. However, the maximum limit on fund transfer per customer is Rs 5,000 a day and up to Rs 50,000 per annum….
| Amount | Transaction charges |
|---|---|
| Above Rs 2 lakh and up to Rs 10 lakh | Rs 25 plus GST |
Can I use other bank CDM?
If you have an account in bank ‘A’, you cannot deposit cash in another bank’s CDM. You can do that only in the CDM of bank ‘A’. Though there could be one or two branches of other banks, customers will not be able to deposit cash in the CDMs of those banks.
How much can you deposit CDM?
As per RBI guidelines, you may deposit only upto Rs. 49,950 per account per day if your PAN is not updated with the Bank.
How much does it cost to deposit money in SBI?
Charges: In a bank branch, SBI allows 3 cash deposit transactions in a month free of cost. Beyond 3 transactions in a month, SBI charges Rs 50 plus GST for every such transaction.
What are the charges for non-financial transactions in SBI?
From July 1, non-financial transactions at branches, ATMs, and cash deposit machines will be free-of-cost at both SBI branches and non-bank branches as well. Here is a look at the other charges that have been revised.
Can I deposit money in another bank account using SBI account number?
Yes, Its possible to deposit in other account of same bank using account number. One can deposit money from any SBI branch in the country to any account anywhere in India. Because of core banking, all these can be done. But there is a small charge applicable in case Electronic Transfer\\ Transfer.
What is the deposit limit of SBI for non base branches?
While, deposits at all branches within same city or outside which are other than base branch, involves no charges up to Rs 5,000 per day. If limit exhausted that, Re 1 per thousand subject to minimum Rs 25 per transaction. A maximum limit of Rs 25,000 per day is allowed for deposits of cash at non-base branches.
