Contact Your Financial Adviser Money Making MC
12
May 2017
Amid
a public outcry in Kerala over a State Bank of India (SBI) announcement levying
charges on ATM cash withdrawals from June 1, the largest public lender on
Thursday clarified that the charge of Rs25 is applicable only for withdrawals
from SBI Buddy through ATMs.
"Rs25
per transaction charge is applicable only for mobile wallet app SBI Buddy using
ATM. This is applicable only for State Bank Buddy customers," the bank
said here in a statement.
The
clarification comes after the SBI in a notification indicated that all ATM
withdrawals will be charged a fee of Rs25, which was later replaced with the
corrected notification.
The
bank said that the number of free withdrawals from ATMs remained unchanged.
Jan-Dhan account holders with the SBI can avail of four free withdrawals
in a month from ATMs. The Total
Investment & Insurance Solutions
Normal
savings bank accounts holders will continue to get eight free ATM transactions
(five from SBI ATMs plus three from other bank ATMs) in metros and 10 free
transactions in non-metros (five from SBI ATMs plus five from other bank
ATMs).
Earlier
in the day, Kerala Finance Minister Thomas Issac told the media that the only
reason he could see for this "mad" new rule was that the SBI was
faced with mounting non-performing assets (NPAs) to the tune of Rs 1.67 lakh
crore.
"This is height of madness and irresponsibility. It would be
interesting to find out the list of NPAs of the SBI... One wouldn't be
surprised if the majority (of defaulters) are found to be
corporates." The Total
Investment & Insurance Solutions
"Just
take a look at their (SBI) profits, it has dramatically come down. The charges
have been levied to bring down their losses. This is something that even
private sector banks would not dare think of doing," said Issac.
CPI-M's
Lok Sabha member M.B. Rajesh said, "This is outrageous and the central
government is cheating the people. Ever since the demonetisation began, the
Centre has been bullying people. This is going to be taken up, both within and
out of Parliament very strongly."
The
move was also slammed by CPI-M Lok Sabha member M.B. Rajesh and popular film
personality Shobi Thilakan, who called it an "anti-people policy of the
Centre".The Total Investment & Insurance
Solutions
No comments:
Post a Comment