SBI card levying charges on cheque payment

New Delhi April 19: As we knew that, State bank of Indian is One of the Largest govt-owned corporation has been levying charges from April 1.Recently SBI card into the action fro levying charges on it.

While going to matter, SBI Card on Tuesday said it will start levying charges on small payments made by cheques. It said that cheque payment for bill amounts under Rs 2,000 will attract a fee of Rs 100.

The rule came into effect on April 1, the company said. But the customers making payments using SBI cheques will not incur these charges.



SBI Card Chief Executive Officer Vijay Jasuja said several payment-related disputes arose because of small payments made through cheques, which were inconvenient for customers as well.

“We offer several seamless digital modes of payment which we are seeking to encourage, in line with the government’s focus towards digital payments and this step will facilitate the same,” Jasuja said