Will SBI Deduct ₹57.5 After 40 Withdrawals A Year? Viral Message Is Fake
By Mohammed Kudrati A viral message, stating that the State Bank of India will charge ₹57.50 per transaction exceeding 40 transactions through a savings bank account a year, is false, as there is no evidence in the bank's schedule of charges to indicate this. This transaction limit of 40 encompass all mediums - cards, cheques or standing instructions - according to the message. Further, the message states that this policy of the bank is in cahoots with the Reserve Bank of India to raise money for the government and urges people to transact in cash and no to go through the bank. An additional c...