SBI deducted Rs 206 from your account? Know why

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The State Bank of India (SBI) has been around for more than 200 years and is the nation’s most significant public sector bank. With 46.77 crores of customers nationwide, State Bank of India is a public sector, global banking organization in India. 22,266 branches, 68,016 Business Correspondents (BC) locations, and more than 65,000 ATMs are used by the SBI to serve its customers. The bank controls a staggering 27.58% of debit card spending.SBI

However, if you utilize SBI’s services frequently

and are a customer, you may have observed some withdrawals from your savings account on a yearly basis. These charges could total Rs 147.5, Rs 206.5, or Rs 295.SBI

If the State Bank (SBI) also

withdrew Rs 206.5 from your savings account, you may be questioning why the bank did so without your knowledge or consent.SBI

Now let us inform you

that your account did not have a debit of Rs 206.5 alone. With many more clients, it occurs. Customers who have a Yuva, Gold, Combo, or My Card (Image) Debit/ATM Card have money taken out of their savings accounts by the State Bank of India (SBI) in the amount of Rs 206.5.SBI

If you use any of these

debit/ATM cards, including the Yuva debit card, Gold debit card, Combo debit card, or My Card (Image) debit/ATM card, the SBI will charge you Rs 175 as an annual maintenance fee.SBI

Nevertheless, because there is an

additional GST of 18% on this transaction, an additional GST of Rs 31.5 (18% of Rs 175) is applied to the total. So, Rs 175 plus Rs 31.5 equals Rs 206.5. You now understand why the State Bank of India took 206.5 rupees out of your savings account.

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