SBI is a public sector bank and as such, is given special responsibility of providing banking services to people of India at the remotest corner. SBI has all core banking solutions allowing faster access and transfer of funds PAN INDIA. However, SBI charges minimum Rs 50 for every cash deposit transaction at any branch other than home branch. This kind of charge is absurd and has no logic behind it. There are many students from rural areas, who go to other cities to study and their parents send them money via SBI account. Sometime the amounts are as small as 500 Rupees. But even for this small amount, SBI deducts 50 rupees EVERY TIME. While one hand there are many Industrialist having crores of loan defaults in SBI, the bank is busy fleecing the ordinary customers with such amounts. This is gross violation of mandate given to SBI. My grievance is that SBI should stop charging money for any cash deposit as this is the BASIC of any banking operation.

the cash deposit charges should be dropped and previous deductions should be refunded

Email Id: raakeshchavan@gmail