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Tag Archives: SBI

15 banks to be closed & merged into 5 major banks

15 banks to be closed & merged into 5 major banks

A recent news have been circulating in the social media that 15 PSB banks will be closed and they will be merged into 5 major PSB banks. Various threats are spreading across the social media related to the people’s deposit amount in these banks, that they will end up loosing …

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SBI reduces NEFT and RTGS charges by up to 75%

SBI reduces NEFT and RTGS charges by up to 75%

State Bank of India, India’s largest bank, has reduced the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) charges by up to 75%. This reduction will be effective from July 15, 2017. Charges for fund transfer done through IMPS (Immediate Payment Service) for an amount of upto …

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SBI denies the media reports about its hike in ATM charges

SBI reduces NEFT and RTGS charges by up to 75%

The largest lender State Bank of India will be introducing a new facility that would enable withdrawal of cash through ATMs using the bank’s mobile wallet. However, the bank will charge Rs 25 on every cash withdrawal from the mobile wallet via ATMs. Meanwhile, the SBI has denied media reports …

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SBBJ,SBH,SBM,SBP and SBT to operate as SBI from April 1st

StateBankofIndia-Associates-Merger

Reserve Bank of India has made an announcement that all the branches of its five associate banks will operate as branches of State Bank of India, effective from April 1, 2017. The associate banks are as listed below: State Bank of Bikaner and Jaipur State Bank of Hyderabad State Bank …

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Reconsider the penalty! Government asks SBI

No Penalty

State Bank of India had made an announcement last week for levying penalty to its account holders for non-maintenance of minimum balance in their accounts. Following the huge wave it created among the common people, government has asked the leading bank of the country to reconsider its decision. It is …

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No minimum balance? – SBI’s next shock to its customers!!!

  India’s largest public sector bank has announced its next shock to its customers. According to their announcement, account holders who do not maintain their minimum balance will be levied with a fine. This will be effective from April 1, 2017.   The minimum balance to be maintained by account …

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SBI announces charges on cash transactions

Following the private banks, State Bank of India has also made its announcement regarding the charges on cash withdrawals and deposits made through bank branches. It has not spared electronic payments as well. Yes, usage of internet banking and debit card is also to be charged higher. Though private banks …

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