SBI Account Deducted Money in December 2022 | Why? Is it ATM/ Debit card charge?

SBI Account Deducted Money in December 2022: State Bank of India is an Indian Multinational, Public Sector Banking and Financial services statutory body headquarter in Mumbai.

SBI, the largest Indian Bank with 1/4th market share, serves over 45 crore customers through its vast network of over 22,000 branches, 62617 ATMs/ADWMs, 71,968 BC outlets, with an undeterred focus on innovation, and customer centricity, which stems from the core values of the Bank – Service, Transparency, Ethics, Politeness, and Sustainability.

The Bank has successfully diversified businesses through its various subsidiaries i.e SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, SBI Card, etc. It has spread its presence globally and operates across time zones through 229 offices in 31 foreign countries.

Problems from SBI Account:

Suddenly the money was deducted from the account of customers of the State Bank of India. The message of deducting money has reached the phones of many customers. Many people updated the passbook of the bank and saw that the money had been deducted.

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Why did this money suddenly disappear from the account?

State Bank of India, the country’s largest state-owned bank, has crores of account holders. At least one debit card is issued to every customer.

With this card, customers can withdraw money as needed from ATMs as well as make payments for online purchases. As a result, SBI customers enjoy multiple benefits from this Debit card. And SBI has deducted this amount from the customer’s account as per the annual service fee for using this Debit/ATM Card.

How much money has been deducted from which card from SBI Account?

It appears that SBI Account has deducted Rs. 147.5 from the bank account. But the question is, SBI customers use different types of debit cards, including silver/classic/global and contactless debit cards. The bank deducts a service fee of Rs.125 for this.

A fee of Rs.125 is deducted from the card, plus 18% GST for this service. As a result 18% of 125 taka = 22.5, 125 = 22.5 taka = 147.5 taka. And those who have platinum or gold card will get more money deducted from their SBI account. And tax with it.

Official Website of SBI: Link

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