SBI Savings Account: Pay more for ATM withdrawal, cheque books, Buddy app SBI Savings Account: Pay more for ATM withdrawal, cheque books, Buddy app
Customers will have to pay more for banking services such as debit card, home loan processing fee, locker rentals, issuing of cheque books, cash handling charges and SMS alerts would attract higher tax rates under GST.
The Narendra Modi-led government implemented the next tax regime earlier this month under which all financial will be taxed at 18 per cent against a service tax rate of 15 percent earlier.
What GST means to SBI customers?
State Bank of India (SBI) has revised service charges on ATM withdrawal for users of its mobile app 'State Bank Buddy' effective June 1, according to NDTV.