Banking related info

State Bank of India

For savings bank - maximum free debit entries in six months - 30
six month period - Jan to June and July to Dec
Electronic transfer, ATM withdrawals at SBI ATMs, debit card based payments, service related bank charge debits - not counted.
ECS debits (e.g. to mutual funds SIP), cheque withdrawals, cheque based transfer, Withdrawal at other bank ATMs - counted.
All additional debits charges at Rs.5 per transaction with service tax. For n additional debit entries
round off to nearest rupees (5n*1.145) is charged as "Fee excess drs".

Rs.15 every quarter for sms notification service charges.

In a year 50 cheque leaves free of charge. Further leaves at Rs.2 per leave plus service tax of 14.5% rounded off the nearest Rs.



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