This Cheque is paid by you over clearing. The ‘Stop payment’ table, where you maintain your customers’įor each Cheque, the system maintains a history of the Cheque status.įor instance, a customer requests a stop payment, revokes it, and subsequently Or has been returned unpaid by you, this event can also be captured with ![]() If a Cheque has been cancelled by the customer, When Cheque-based transactions are initiated in the Data Entry orįunds Transfer modules, the system updates the amount and date of the Status of each Cheque − whether used, cancelled, rejected, or ifĪ stop payment has been issued against it. Of Cheque books issued to your customers. It is worth adding that cash withdrawals can only be made using a withdrawal form at a branch or by an ATM and there is no option to use a cheque book with a BSBD account.In the ‘Cheque book details’ table you can maintain details Non-financial transactions by BSBD account holders at SBI and non-SBI bank branches would be free of service charge. The new service fee on cheque books is waived for senior citizens. ![]() For a 10 leaf or half of a 10 leaf Emergency Cheque Book, Rs 50 plus GST would be charged. A 25-leaf cheque book will cost you Rs 75 plus GST. After that, a ten-leaf cheque book would cost Rs 40 plus GST. At both SBI and non-SBI ATMs, there will be a service charge of Rs 15 plus GST per withdrawal after the first four withdrawals.īSBD account holders will get 10 free cheque leaves every financial year from SBI. Service charges will be levied after the first four free cash withdrawals, including at ATMs and branches, according to SBI. Customers will be charged Rs 15 plus GST for each cash withdrawal transaction made at a Branch Channel/ATM. In other words, BSI account holders who make more than four free cash withdrawals in a month will be charged a service fee. SBI will deduct charges in excess of the four free cash withdrawals, plus those made at a branch and at an ATM. Branches would verify Know-Your-Customer (KYC) document(s) of the third party and preserve them along with the instruments.Ĭash withdrawal charges at SBI bank branches: The lender has also disallowed cash payment to third parties via withdrawal forms. The revision in ceilings for non-home transactions for ‘Personal’ segment customers is available up to September-end 2021. Branches other than their home branch are called non-home branches. Note that home branch is a branch where the customer’s account is maintained. Third-party cash withdrawals, which were not allowed earlier, have been fixed at Rs 50,000 per month (only via cheque).Ĭash withdrawal by a third party, which was not allowed earlier, has been pegged at Rs 50,000 per day (using cheque only). ![]() Cash withdrawal for self (through a withdrawal form) along with a Savings bank passbook has been raised five times to Rs 25,000 per day. SBI has doubled the amount of cash withdrawal for self (via cheque) to Rs 1 lakh per day. New Delhi: India's largest commercial lender the State Bank of India (SBI) has temporarily hiked the ceiling for non-home cash withdrawal for self and has also enabled non-home cash withdrawal by third-parties at its branches so that customers don’t have to travel fard amid Covid-19 pandemic to meet their urgent cash requirements. SBI cash withdrawal, chequebook charges changed for basic savings account holder Check new rates
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