So if you are also an SBI customer and use its services extensively, you might have noticed some deductions from your saving bank account once a year. These deductions may be of Rs 147.5, Rs 206.5 or Rs 295.
If the State Bank has debited Rs 206.5 from your saving account as well, then you must be wondering why the bank deducted this money without you doing any transaction.
So, let us tell you that you are not the only one whose account had a debit of Rs 206.5. It happens with a lot more customers. The State Bank of India deducts Rs 206.5 from the savings accounts of consumers having Yuva, Gold, Combo, or My Card (Image) Debit/ATM Card.
The SBI charges Rs 175 as an annual maintenance fee from people using any of these debit/ATM cards including the Yuva debit card, Gold debit card, Combo debit card, or My Card (Image) debit/ATM card.
However, since a GST of 18% is also applicable on this transaction, a GST of Rs 31.5 (18% of Rs 175) is added to the amount. Therefore, Rs 175 + Rs 31.5 = Rs 206.5. Now, you know why the State Bank of India deducted Rs 206.5 from your saving account.