What does a negative credit card balance mean?
If you have a statement with a - (minus) sign before the amount due, it means that the bank owes you money. Most card companies have their software designed so that the statements are automatically issued if there is a balance even if there are no transactions. Also having a balance negative of positive will not allow you to shut the card account.
I have an account in the SBI bank. Can I withdraw the money from different branches across India?
The ATM withdrawal, check book and other facilities have been made by State Bank of India (SBI). Using a State Bank buddy, the cash for ATMs would be Rs. 25. For the transaction, SBI said in its release "Not all ATM transactions are imposed." It says that charges are applicable only for State Bank Buddy using ATMs (it only applies to State Bank Buddy Customer). However, four free ATM withdrawals per month are applicable to the basic savings bank deposit account.General savings bank accounts receive eight free ATM transactions in metros (five SBI ATMs + and three other bank ATMs). 10 transactions (five SBI ATM + five bank ATMs), not bank transactions.From June 1, the SBI also revised its customers' fees for other services. Important changes here:Cash withdrawal: Customers with a Basic Savings Bank Deposit have four free debits (including ATMs) in one month, and subsequent withdrawals will be charged - Rs. 50 plus service taxes and Rs. 20 Plus service tax on other bank ATMs.Fares on ATM Cards: SBI will issue new DTC cards from June 1, SBI said.Online Transfer: Online fund transfer by IMPS Rs. Rs. 1 lakh; Rs. Rs. 1 lakh and Rs. 2 lakhs, Rs. Rs. 2 lakhs and Rs. 5 lakhs.Check Book: From June 1, a Customer with Basic Savings Bank Deposit 30 plus service tax for 10 leaf checkbook, Rs. Service Tax for 25 Leaf Check Book and Rs. 150 plus service tax for 50 leaf checkbookExchanged Notes: SBI to Rs 20 Sole notes or Rs. 5,000 does not attract any charges. However, more than 20 thousand notes are Rs. 2 piece or Rs. Rs. The 1,000 plus service tax rate is higher on the tender, the bank said. For example, Rs. 500, which is equal to Rs. 12,500, the charges will be Rs. 2 percent (Service Tax of Rs 50) or Rs. Rs. 1,000 (Rs 62.50 plus service tax). Total charge charged 62.50 Plus Service Tax.Cash transactions by banking correspondents: SBI Rs. At least Rs.25,000 with a minimum of 0.25 percent of the Banking Correspondent (100 in Multiples) 2 and a maximum of Rs. 8 plus service tax. Rs. 2,000 (100 modules) through the same channel is Rs. 2.50 percent of the transaction value (minimum Rs.6) plus service tax.The service providers include personalized assistance for credit score improvement, Home Loan, Personal Loan, Home Loan Balance Transfer, LAP etc. You can get their support if you do not do your work comfortably.
How much cash can I deposit in my SBI account legally? Is there is any limit?
You can deposit any amount of cash if you are holding a valid PAN number. But to be on safe side try to deposit less than 2 lacs in a day. Though doesn't happen if you'll depost more than 2 lacs. Just make sure never deposit more than 10 lacs at once in a SB a/c, Specially if it's newly open. Banks usually receive query from IT dept for newly opened savings account if there is such activity.IT guys will keep an eye on you when you deposit more than 10 lacs in cash.You can deposit any amount through cheque. FromAn Indian Govt Banker.
I got the message, "Hold for INR 500 created in your account” from the State Bank of India, does anyone know how to remove this hold?
Please visit your Branch and ask the reasons for hold. It may be because of some pending charges to be collected or ATM failed transaction etc. Exact reason can be told by Branch only and only they can remove hold after fulfilling the requirements.
Does Indian ATM work in Nepal?
Whether an ATM card will work in Nepal depends on type of card you have and whether the card has been activated for international usage. Even some variants of Rupay cards can't activated for international usage, in such case, ATM card needs a replacement. An ATM card can be activated for International usage temporarily for specific period.
What is the redeem value of 400 reward points in SBI debit/credit card?
Please note 1 Reward Point is equivalent to INR 25 Paise in SBI debit Card. 400 reward points is equivalent to INR 100 rupees.To know more about State Bank Rewardz visit link https://www.statebankrewardz.com...
Can we deposit new 2000 notes in SBI cash deposit machine now?
Yes as of 19 th January 2017 you can deposit the new currency of 100 , 500 and 2000 in SBI /or Associate Bank CDM as the case may be. Just like you did before demonetization . But now you cannot deposit old 500 and 1000 Rs notes in CDMS.
What are SBI debit card reward points and how to use them?
If you are using sbi debit card for transactions of 200 or more online or adding money in some wallet or swiping at swipe machines then you would be earning a point.Say you have spent 12000+ on both the modes(swipe and online with transactions minimum above 200)Then you would earn 60 reward points.(SBI has a habit of adding say 300+ points quarterly for frequently used cards)So assuming you got 300 quarterly reward points from SBI.Totalling to 360 which is equivalent to 360/4 = 90rsIf you are using Amazon vividly then you can convert this into voucher of 90rs email gift card and credit to amazon pay instantly.Amazon redemption starts from 10rs so better option compared to others.Flipkart minimum 50rsBookmyshow minimum 100rs.You can also redeem these points in Mobikwik under Redeem your Max get more points and convert them into Balance.Also you can Prepaid recharge in SBI Rewardz site.Lastly you can redeem in the SBI Rewardz site where there are plenty of merchandise but as rewardz are always less than cost of merchandise we have to pay out of pockets if required.Edit 1:Recently checked in bookmyshow app,if you have already saved your sbi debit card in the app, before doing checkout you can actually use your reward points totally and the ticket fare gets reduced accordingly.Here there is no lower limit so you can redeem whatever amount is redeemable from your card.