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Tag Archives: SBI

Bank-charges and Minimum-Balance-Requirement be common for all public-sector banks

(SUBHASH CHANDRA AGRAWAl) Confused State Bank of India (SBI) has marginally reduced bank-charges and Minimum-Balance–Requirement after these were hiked abnormally that too just after demonetisation when Prime Minister was stressing for cash-transactions to be replaced by banking-system. Department of Financial Services-DFS (Government of India) should pull decision-takers at SBI who ... Read More »

SBI ATM Withdrawal Charges, New Debit Card Fees. Details Here

The country’s largest lender State Bank of India has revised service charges on ATM withdrawal for users of its mobile app “SBI Bank Buddy,” and various other cash transactions, effective June 1. SBI has clarified that the Rs. 25 charge will be levied only on withdrawing money from an ATM ... Read More »

SBI launches national hackathon for developers

State Bank of India (SBI) has launched a national hackathon for developers, start-ups and students to come up with innovative ideas and solutions for the banking sector. The hackathon, named ‘Code For Bank’, will focus on the business value driven by technologies like predictive analytics, fin-tech/blockchain, digital payments, IOT, artificial ... Read More »

SBI launches cashless drive through toll plaza

State Bank of India (SBI) has launched a cashless drive through toll plaza product for its customers in Hyderabad. The product, christened SBI Fastag, is a card that works on Radio Frequency Identification (RFID) technology. Money can be loaded on the card. It is affixed on the windscreen of the ... Read More »

SBI Revises ATM Charges, To Levy Cash Transaction Fee

New Delhi: After a gap of five years, State Bank of India has decided to reintroduce penalty on non-maintenance of minimum balance in accounts from April 1, and revised charges on other services, including ATMs. The country’s largest bank will permit savings bank account holders to deposit cash three times ... Read More »

SBI says no fake note likely from its ATMs, branches

NEW DELHI: The State Bank of India (SBI) on Wednesday said “no fake note is likely to be dispensed through its ATMs at any time” as it has state-of-the-art note sorting machines. Reacting to media reports that an SBI ATM here dispensed fake 2,000 rupee notes, an SBI statement from Mumbai said the bank has […] Read More »