SBI Card starts charging Rs 100 on small payments via cheque

[Bapun]

SBI Card, with over 4 million customers, has started charging Rs 100 for payment through cheque if the amount is up to Rs 2,000 and anything above will attract no fee.

The fee kicks in from April 1.

The move, SBI Card said, is aimed at encouraging digital payments in line with the government’s policy.

“A fee of Rs 100 will be charged for payments made by cheque for an amount less than or equal to Rs 2,000 w.e.f April 1, 2017,” it said.

SBI Card starts charging Rs 100 on small payments via cheque | business-news | Hindustan Times

 

[Saj 007]

In their FB page I saw so many people commented SBI full form as "State Blade of India"...:shy

 

[Sai Jai]

In their FB page I saw so many people commented SBI full form as "State Blade of India"...:shy

Exactly bro

..

In my family totally 4 SB accounts are there going to cancel all the accounts including my current account soon ..

 

[Abhi]

Very Bad Move:dodgy

 

[Sarkar]

Sbi has only 4 millions cc out of 40 crore customers [emoji15]

 

[prasad1979]

This fee is for credit card users.

 

[PRK]

I wonder how many of those who use credit cards for payments pay bill using cheques. Must be a minority.

 

[jakab]

I think people buycot S.B.I

 

[Sarkar]

I wonder how many of those who use credit cards for payments pay bill using cheques. Must be a minority.

Writing a cheque then visit branch and submit it, will take more time than pay online using Netbanking. Credit card users are the most tech savy advanced users, don't know why these minority people prefer writing cheques instead of paying credit card bill online.  :u

 

[Saj 007]

Exactly bro

..

In my family totally 4 SB accounts are there going to cancel all the accounts including my current account soon ..

I'm going to open a new account in Post office. In post office SB account minimum balance is just 50 rs. And just 100 rs to open an account. In this account we will get a rupay debit card also...:tup