What Are the Charges for Excess Cash Deposits in SBI Savings Accounts?

Learn about SBI's charges on excess cash deposits and transaction limits in savings accounts, including fees for deposits beyond free transactions.

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In SBI, for savings accounts, the charge for depositing cash varies. For transactions beyond four free ones (including withdrawals and deposits) in a month, a fee of Rs. 50 plus GST for every transaction is charged. Additionally, depositing cash exceeding Rs. 10,000 in a day via a branch requires a small fee, which is part of the calculations for additional transactions over the limit. It's advisable to check directly with SBI or their official website for the most current details, as fees can change.

FAQs & Answers

  1. What is the maximum number of free cash transactions allowed in an SBI savings account per month? SBI allows up to four free transactions, including deposits and withdrawals, in a savings account each month before charges apply.
  2. How much does SBI charge for cash deposits exceeding Rs. 10,000 at a branch? For cash deposits exceeding Rs. 10,000 in a day at an SBI branch, a fee of Rs. 50 plus GST is charged per additional transaction beyond the free limit.
  3. Are the charges for excess cash deposits the same across all SBI branches? Charges generally apply uniformly, but it is recommended to check with your specific SBI branch or the official SBI website for the most accurate and updated fee structure.

Watch More

For more insights on SBI's banking fees and savings account guidelines, explore our detailed articles on SBI transaction limits, charges on digital payments, and tips for managing your account efficiently.

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