Stopped recovering charges in BSBD accounts from mid-Sept la

Stopped recovering charges in BSBD accounts from mid-Sept last year: SBI


April 15, 2021
×
State Bank of India (SBI), on Thursday, clarified that it has stopped recovering charges in Basic Savings Bank Deposit Accounts (BSBDAs) on all digital transactions with effect from September 15, 2020, while retaining charges on cash withdrawals over and above four free withdrawals allowed per month.
Systematic breach
This clarification comes in the wake of Ashish Das, Professor, Department of Mathematics, IIT-Bombay, claiming in a recent report that there had been systematic breach in RBI regulations on BSBDAs by a few banks, most notably SBI, which hosts the maximum number of BSBDAs, by charging ₹17.70 for every debit transaction (even via digital means) beyond four a month.

Related Keywords

India , Aashish Das , Savings Bank Deposit , Department Of Mathematics , Savings Bank Deposit Accounts Bsbdas , Savings Bank , State Bank , Basic Savings Bank Deposit Accounts , Regulating Basic Savings Bank Deposit Accounts , These Marginalised , Reserve Bank , Central Board , Direct Taxes , Pradhan Mantri Jan Dhan Yojana , இந்தியா , ஆஷிஷ் தாஸ் , சேமிப்பு வங்கி வைப்பு , துறை ஆஃப் கணிதம் , சேமிப்பு வங்கி , நிலை வங்கி , அடிப்படை சேமிப்பு வங்கி வைப்பு கணக்குகள் , இருப்பு வங்கி , மைய பலகை , நேரடி வரி , ப்ர்யாட்ஹந் மந்திரி ஜான் தன் யோஜனா ,

© 2025 Vimarsana