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SBI Cuts Charges on E-Payments upto 75% | form 15 July, News Read Here

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SBI Cuts Charges on E-Payments

Due to down to earth in trend of digital funding, banks have become active as SBI Cuts Charges on E-Payments upto 75%. As, the graph of Digital payment is going downwards after the implementation of GST for this concern, bank has cuts charges on E-Payments from 15th July 2017 and is a big relief to small borrowers. Largest lender SBI has brought down charges on electronic payment either through internet or through mobile banking by as much as 75%. For latest news related to new SBI E-Payments charges read more information related to this from here.

SBI Cuts Charges on E-Payments

SBI Cuts Charges on E-Payments

After November 2016 to March 2017 there is rapid increase in digital payments but after March 2017 the graph of E-payments is going down and down. This is the reason why largest lender SBI has cut all interest charges upto 75%. Transactions belong to NIFT and RTGS State Bank of India has taken a big step to promote digital transaction. As per the report it is assumed that other banks will soon take this type of step. For promoting E-Payments State Bank of India has announced the biggest news. After the announcement of this news way of small type of shopping is open for consumers.

E-Payment Charges from 15 July
  • Transactions upto Rs. 1000/- is totally exempted from all duty charges.
  • Transactions of Rs. 10000/- to Rs. 100000/- either through internet or mobile will be charge Rs. 2/- instead of Rs. 4/-.
  • Transactions above Rs. 500000/- either through internet or mobile will be charged Rs. 10/- instead of Rs 40/-
State Bank of India has 3.27 crore interned banking customer and around 2 crore mobile banking customer. This is the ratio of only State Bank of India digital customer. To stable our economy it is necessary that transactions must be more and more through digital or E-Payments. 

Use of more debit and credit cards will highly beneficial for our economy. Hope the latest news regarding SBI Cuts Charges on E-Payments is useful for you. For more updates you can connect with our web page that is www.privatejobshub.in. For any query related to this comment us on below section of page our team will soon reply towards it.

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