State Bank to charge customers Rs. 60 a year for SMS alerts
Posted on: 12/Jul/2013 12:35:35 PM
The country’s largest bank State Bank of India which has about 18.5 Crores customers will have to pay Rs 60/- per year for getting SMS alerts.
This will come into effect from quarter ending June 2013. SMS charges of Rs 15 inclusive of service taxes per quarter will be recovered.
The bank did not specify whether the charges are for special alerts only or even debit or credit card transaction alerts sent as per regulatory guidelines will also come under this. Other private banks will also be following this.
