State Bank of India, SBI, the largest public sector bank in India deducted Rs 147.5 from the account of customers. Are you wondering to know why the conglomerate deducted that amount from the consumer's account? Swipe the slides to find out why SBI did so.
The bank charges an annual maintenance fee of Rs 125 for the different cards it offers. The earlier discussed charge is excluded from GST. Now if you include a GST charge i.e 18 percent of Rs 125 will be Rs 22.5. Now combining these two charges results in Rs 147.5. This is the money SBI has deducted from your account.
SBI Platinum Debit Card holders have to pay Rs 250 plus GST as a part of the annual maintenance charge of their card
The bank charges Rs 350 excluding GST as an annual maintenance fee for the aforementioned cards.
The largest public sector bank charges Rs 300 excluding GST for the replacement or change of an existing debit card.