SBI changes cash deposit rules for SB accounts

SBI changes cash deposit rules for SB accounts

State Bank of India savings account holders, India’s biggest bank has removed the limit on the amount that can be deposited in a non-home branch. This was announced by SBI on Twitter. “Good news SBI customers! Now, the upper cap for depositing cash at a non-home branch has been updated,” the bank said. A home branch is the branch where a customer has a bank account. All other branches of the bank are non-home branches for the customer.

According to SBI’s tweet, in personal savings bank account, there will be no restrictions on the amount that can be deposited at a non-home branch. Earlier, this limit was Rs 25,000, according to SBI’s website. SBI levies Rs 50 (plus GST) per transaction on cash deposits at non-home branches, says its website.

For SME segment accounts, the cap on cash deposits at non-home branch remains at Rs 2 lakh per day, SBI said in the tweet……Read More>>

 

Source:- techiyogiz

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