* sbi – inter city charges

Posted on October 3rd, 2011 by Alex. Filed under Experiences with Companies, India.


My friend paid cash into my bank account maintained at the State Bank of India (SBI) IISc branch from an SBI branch that is not even 500m away. For that transaction I paid Rs.25 inter city charges. As far as I know, Mathikere is still in Bangalore. I complained to the IISc branch, but the lady at the desk told me that this is the new fee structure that came into affect on September 1st.

So paying in cash that generates revenue for the bank is now also charged to create even more revenue for the same bank. That makes transferring money between branches of different banks across the continent is much cheaper (current cost Rs. 5, NEFT) than at the branch of the same bank just around the corner. Many people in various platforms and forums started to complain about this new fee structure giving all details about their transactions. What happens, if I pay let’s say Rs.1 into a more or less randomly selected bank account (e.g. one of the poor chaps in the forum). Will they also deduct Rs.25? For me it cost only Rs.1 which I have plenty of (just yesterday a neighbor gave me Rs.575 in coins which he collected over the year). But how many Rs.24 has the receiver? Does anybody have the bank account number of the SBI CEO?



3 Responses to “sbi – inter city charges”

  1. Bharath Reddy D on Facebook
    Bharath Reddy D on Facebook Says:

    hey alex.. please give me sbi ceo a/c no. to me too..

    [REPLY]

  2. Alexander Fell on Facebook
    Alexander Fell on Facebook Says:

    Rahul Chaurasiya No it’s not. If it is inter-BRANCH charge then why should they write inter-CITY charge? In the end it is inter branch.

    [REPLY]

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