SBI Rules ALERT The country’s largest public sector bank State Bank of India (SBI) has changed its rules. Now you are doing digital transaction under IMPS so be ready to pay extra.
The Reserve Bank of India had given this direction in the October policy, in which the limit for IMPS transactions from all banks was increased to Rs 5 lakh from the earlier 2 lakh. SBI said in a statement that it will levy GST in addition to Rs 20 on IMPS transactions between Rs 2 lakh and Rs 5 lakh.
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