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Friday
July 2017
6:13 PM IST
News Headlines
Assam floods: BJP MP demands Rs 12,000 assistance        Rahul blames Modi for "burning" Kashmir        Congress shocked as strongman Vaghela quits        Kovalam MLA M Vincent booked for rape        Travancore Titanium factory accident: 1 killed and another injured        Actress attack case: Pradeesh Chacko says mobile phone destroyed        Vadakara CPI(M) office set ablaze        Kovind gets least no. of votes from Kerala        Nurses’ strike ends as govt promises minimum salary        Medical college bribery allegation: Vigilance Director orders probe        Lynching debate in Parliament: Don't give it political colour, says Jaitley; Sikhs lynched in 1984, says Javadekar        Donald Trump goes after his own attorney general, publicly and viciously        US senator John McCain diagnosed with brain tumor: Office        ICC WWC 2017: Harmanpreet's epic knock helps India beat defending champions Australia by 36 runs; play England in final        R Ashwin slammed for Chennai Super Kings, Manchester United’s Munich crash comparison        Chelsea to pay up club record fee to sign Alvaro Morata from Real Madrid        Ram Nath Kovind is India's 14th President        Cracking GATE Mechanical Engineering Easy or Difficult? Check GATE syllabus.        28 killed as bus falls into gorge        Kangana Ranaut injured during shooting        
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Business News
SBI to allow ATM withdrawals via e-wallet
 
(Mumbai, May 11, 2017): The largest lender State Bank of India will introduce new facility that would enable withdrawal of cash through ATMs using the bank's mobile wallet.

However, the bank will charge Rs 25 on every cash withdrawal from the mobile wallet via ATMs.

Meanwhile, the SBI has denied media reports that it has increased service charges to Rs 25 on regular ATM transactions.

"The service charge on cash withdrawal from ATMs has not been changed for normal savings accounts," SBI MD (national banking) Rajnish Kumar told PTI.

"If a customer has money in SBI Buddy, our mobile wallet, he can now withdraw that money through ATMs. Also, now customer can deposit cash or withdraw cash through business correspondent (BC) from or into our mobile wallet. These facilities were not available earlier," Kumar added.

For cash deposit of up to Rs 1,000 into its mobile wallet through business correspondents, the bank will levy a service charge of 0.25 per cent (minimum Rs 2 and maximum Rs 8) plus service tax.

For cash withdrawal of up to Rs 2,000 from SBI Buddy through business correspondents, the service charges will be 2.50 per cent of the transaction value (minimum of Rs 6) in addition to service tax.

The service charges will be effective from June 1, 2017, Kumar said.

The bank levies a service charge of 3 per cent plus service tax using immediate payment service (IMPS) for fund transfer through SBI Buddy to bank account.

On the media reports about the bank hiking ATM charges to Rs 25, Kumar clarified that cash withdrawals from ATMs has not been changed for normal savings accounts and that there was some errors in the circular earlier.

A corrected circular will be issued soon, he added. (PTI)


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KERALA NEWS
Kovalam MLA M Vincent booked for rape
 (Thiruvananthapuram, Jul 21, 2017, PTI): A Congress MLA has been booked on the charge of rape  
Travancore Titanium factory accident: 1 killed and another injured
Actress attack case: Pradeesh Chacko says mobile phone destroyed
Vadakara CPI(M) office set ablaze
INTERNATIONAL NEWS
Donald Trump goes after his own attorney general, publicly and viciously
 (WASHINGTON,July 20, 2017):In a stunning public rebuke of a key member of his cabinet, US Pre
US senator John McCain diagnosed with brain tumor: Office
Turkey changes justice, defense ministers in cabinet shuffle
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NATIONAL NEWS
Assam floods: BJP MP demands Rs 12,000 assistance
 (New Delhi, Jul 21, 2017, PTI): The Centre should urgently provide Rs 12,000 crore to Assam t
Rahul blames Modi for "burning" Kashmir
Congress shocked as strongman Vaghela quits
Lynching debate in Parliament: Don't give it political colour, says Jaitley; Sikhs lynched in 1984, says Javadekar
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