State Bank Of India's Personal Banking Limitation

Discussion in 'Payment Processing' started by Tab109, Sep 15, 2011.

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  1. #1
    Hey guys , is there any limitation on State Bank Of India's Personal Banking.
    Limitation regarding the amount of money you can keep in there. I have read somewhere there is a limitation of 50 Thousands rupees ,is this true.
    Can any SBI user [Personal Banking] please tell if there is any such limitation.

    Thanks.
     
    Tab109, Sep 15, 2011 IP
  2. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #2
    As far as i know you can keep any amount of money in your bank account.

    DON.
     
    deluxdon, Sep 15, 2011 IP
  3. bharatmax

    bharatmax Member

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    #3
    Thats not true.But in recent days Indian banks are practicing variety of things.For example to deposit amount they are asking ATM to show up.You can deposit only 5 times in a month in HDFC.You will be charged extra 100 if you want to deposit there after for each deposit..bla..bla..so Nasty..
     
    bharatmax, Sep 15, 2011 IP
  4. infogle

    infogle Prominent Member

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    #4
    How can a bank charge or put any regulation on the number of times amount to be deposited - it is sure some ill-policy.
     
    infogle, Sep 15, 2011 IP
  5. bharatmax

    bharatmax Member

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    #5
    Its not fully implemented in all banks and all branches..but sure they are doing this.A friend of mine lost 300 Rs to HDFC.
     
    bharatmax, Sep 15, 2011 IP
  6. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #6
    That is for cash deposit at nonhome-branch. You can deposit cash in your home branch any number (unlimited time) IMO. Check with your branch for the same.

    DON.
     
    deluxdon, Sep 15, 2011 IP
  7. bharatmax

    bharatmax Member

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    #7
    Actually I have been there with my friend in HDFC bank,Eluru.He actually holds the account in the bank.Manager assured him the three hundred will be credited this time back into account. But said never do that again. what can I say ? just weird..
     
    bharatmax, Sep 15, 2011 IP
  8. Tab109

    Tab109 Greenhorn

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    #8
    I confirmed it , there is no such limitation.

    Thanks for reply.
     
    Tab109, Sep 19, 2011 IP