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Cash Handelling Charges

The document proposes various charges for cash handling and account services effective June 1, 2016. Key points include: 1. Charges of 0.75 paise per Rs. 1000 for cash deposits over certain limits at home and non-home branches for normal accounts, power gain accounts and power pack accounts. 2. Maximum cash deposit limits and charges at non-home branches for different account types. 3. Proposed cash handling charges and transaction limits for current accounts and savings accounts. 4. Changes to cheque book and service charges for senior citizens. 5. Waivers of charges on drafts, transactions, and NEFT/RTGS for salary package accounts.

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ChandreshSingh
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101 views

Cash Handelling Charges

The document proposes various charges for cash handling and account services effective June 1, 2016. Key points include: 1. Charges of 0.75 paise per Rs. 1000 for cash deposits over certain limits at home and non-home branches for normal accounts, power gain accounts and power pack accounts. 2. Maximum cash deposit limits and charges at non-home branches for different account types. 3. Proposed cash handling charges and transaction limits for current accounts and savings accounts. 4. Changes to cheque book and service charges for senior citizens. 5. Waivers of charges on drafts, transactions, and NEFT/RTGS for salary package accounts.

Uploaded by

ChandreshSingh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Proposed charges will be applicable w.e.f.

01/06/2016

SMEBU: Cash Handling charges for CA/CC (for other than P segment) at Home/Non-Home Branches

Sl. Description of Proposed Charges for Home & Non-Home Branches


No. Service Charge

1. Normal Current i) Upto Rs.25,000/- per day : Free


Account ii) Beyond Rs.25000/- per day : Rs.0.75 paise per Rs.1000/- +ST
(Min Balance Minimum Rs.50/- +ST
Rs 10,000/-) and Maximum Rs.20000/- +ST
Cash Credit
Account Maximum Limit for deposit of cash at Non Home branch is Rs.2 lakhs per day.
Thereafter, Branch Manager of Non-home branch is vested with the powers to accept more cash.
2. Power Gain (QAB Deposit of cash upto Rs.15 lacs per month: Free
Rs.200000/-) Thereafter, Rs.0.75 paise per Rs.1000/- +ST
Minimum Rs.50/- +ST
Maximum Rs.20000/- +ST

Maximum Limit for deposit of cash at Non Home branch is Rs.2 lakhs per day with a maximum of Rs.15 lacs
per month (Free).
Thereafter, Branch Manager of Non-home branch is vested with the powers to accept more cash.
3. Power Pack (QAB Free upto Rs.60 lacs per month or 12 times of last quarter balance whichever is higher
Rs.500000/-) Thereafter Rs.0.75 paise per Rs.1000/- +ST
Minimum Rs.50/- +ST
Maximum Rs.20000/- +ST

Maximum Limit for deposit of cash at Non Home branch is Rs.2 lakhs per day with a maximum of Rs.60 lacs
per month or 12 times of last quarter balance whichever is higher (Free).
Thereafter, Branch Manager of Non-home branch is vested with the powers to accept more cash.
Circle CGM has the discretionary powers to reduce the aforesaid cash handling charges by 25 %, any further fine pricing
will be approved by DMD (COO).

1
PBBU: Cash Handling charges for Current Accounts of P segment and Savings Bank of all segments
at Home/Non-Home Branches
Sl. Description of Proposed Charges for Home & Non-Home Branches
No. Service Charge

1. Cash handling Cash Deposit up to Rs.50,000/- per day - Free


charges for Current
Account of P-segment Above Rs.50,000/- for the full amount- Rs.0.30 per 1000/- + ST
and Savings Bank of
all segments Maximum Deposit of cash at Non-Home Branch: Rs.25,000/- per day

2. No. of cash Deposit (i) 3 Transactions in a month: NIL


transactions in SB
A/c- P segment (ii) Beyond 3 Transactions in a month (Excluding Alternate channel transactions) : Rs. 50/- + ST per Transaction
(Excluding Financial
Inclusion Accounts)

Note:
i. Charges recovered are to be credited to the branch which puts through the transactions.
ii. Circles have the discretion to reduce the maximum cash withdrawal limit per non-home transaction at non-chest branches.
iii. Non-home transactions will be allowed to be conducted without any service charges from all Staff/SBI Pensioners and Staff of Associates.

ACCOUNT RELATED CHARGES FOR SENIOR CITIZEN

Sl. Description of Service Charge Proposed changes


No.
3. Issue of Multi City (i) If QAB < 25000/- 50 cheque leaves free per year, thereafter Rs.3/- + ST (per leaf)
Cheque books :
Savings Bank
(For All Segments (ii) If QAB= &>25000/- 50 cheque leaves free per year, thereafter Rs.2/- + ST (per leaf)
customers)

PBBU: Modifications/additions proposed for waiver of charges for Salary Packages

2
Sl No. Features Proposed recommendations
4. (i) Concession in a) Waiver of charges for issue of Demand Draft to Salary Package account holder.
service Charges on b) Removal of restrictions on the number of free drafts and cap on the maximum amount, for issue of draft.
issue of drafts for all c) The concessions will be available only if the amount is transferred from the Salary Account as per existing norms.
Salary Packages d) The concession mentioned in a) to c) above, to be available also for issue of Drafts through Alternate Channels.
e) Courier charges as applicable will be recovered.
(ii) No. of Free a) Branch Transactions: No change
Transactions at b) INB/Mobile Transactions: Unlimited free transactions irrespective of the variants of Salary Account.
Branches/ INB/ c) ATM Transactions:
Mobile Banking/ SBG ATMs: Unlimited Free Transactions irrespective of variants of Salary Account
ATMs for all Salary Other Bank ATMs: Unlimited free transactions (irrespective of Metro/Non Metro locations) for all variants.
Packages
(iii) State a) Waiver of service charges for NEFT/RTGS transactions as under:
Government Salary
Package: Service Through Online Channel: All variants
Charges on
NEFT/RTGS Txns. Through Branch Channel: Waived only for Diamond and Platinum variants
CS & NB: Reduction in normal charges of NEFT/RTGS Transactions done through Net Banking
Sl. Description of Service Charge Proposed Charges for INB Channel excluding
No. Service Tax
1. NEFT Transactions Upto Rs.10000/- Rs.2.00
From Rs.10001 to Rs.1 lac Rs.4.00
Above Rs.1 lac to Rs.2 lac Rs.12.00
Above Rs.2 lac Rs.20.00
2. RTGS Transactions From Rs.2 lac to Rs.5 lac Rs.25.00
Above Rs.5 lac Rs.45.00
Service charges for fund transfer through State Bank Buddy

Sl.No. Description of Service Charge Proposed Charges


1. Service charges for fund transfer through Mobile 3% + Service Tax on transfer from Buddy to Bank Account using IMPS
Wallet: State Bank Buddy to Bank Account (combination of mobile number and MMID or Account Number and IFSC)
except transfer to A/Cs by DBT customers

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