Fee Excess DRS Charges, How to Avoid Fee Excess DRS Charges in SBI

we have already discussed Fee Excess DRS Charges in  SBI. In this post, we are going to write how to avoid FEE Excess DRS charges in SBI.

First of all kindly note that once the amount has been debited with having remarks FEE Excess DRS Charges then it’s non-refundable as at the time of account opening you have signed and accepted all the terms and conditions of sbi including their value added services i.e. vas charges.

If you Perform 4 debit transaction in your SBI Parent branch then its totally free but for that, you have to maintain minimum average quarterly balance.if you are making the debit transaction more than 4 times from your home branch or over 40 debit transaction from your internet banking then the bank will charge FEE Excess DRS charges from your account on basis of transaction performed by you. And also kindly note that this amount is non-refundable amount.

Also, note that if you are not performing your transaction from your parent branch then once you have crossed 20 debit transaction through internet banking or debit card bank will again charge FEE Excess DRS Charge from your bank account. And FEE Excess DRS charge amount can be high or low it depends upon the number of transactions made by you in that respective month. So by maintaining average quarterly balance in SBI we can minimise or avoid the fee excess charges. Or just open saving account in any other nationalised banks. DRS full form is, sbi drs full from.

Excess DRS charges are Rs 6 per transactions on each online transactions.

Rs 0-1000 => 20 online transactions
Rs 1000-25000 => 40 online transactions
Rs 25000 and above => Unlimited

Per excess transactions chargeable @Rs 6 per online transaction and @Rs 23 per atm transaction

Kindly also check this post how sbi is calculating DRS Charges

What Is Excess DRS Charges in State Bank Of India

Also by having a current account, we can avoid fee excess drs charges in SBI. For More Details feel free to comment here or call State Bank Of India 24×7 call centre number 18004253800 (Toll-Free) or Contact your parent branch.

Balance Enquiry Mini Statement Missed Calls Banking Number for All Banks

In This post, we are going to share the balance enquiry, mini statement toll-free numbers of all nationalised banks. The missed call banking service generally requires one-time activation from your number. To get the service activated your number should be linked to your account in bank records. In case not just go online or visit your branch and update your number. However, some banks do not require any activation.

As of now, most banks provide two services – balance enquiry and mini statement though Missed Call.

Continue reading “Balance Enquiry Mini Statement Missed Calls Banking Number for All Banks”

What is the best Term Life Insurance and how to choose right plan Top Ten Life Insurance Plan

What is the best Term Life Insurance and how to choose the right plan?. It’s like asking “which is the best car or best shirt out there?”.  Everyone will have a different answer. Similarly, when it comes to one’s financial life, one size do not fit all.

Then what should you be asking/searching for?. No medical exam life insurance.life insurance no medical exam no waiting period. whole life insurance no medical exam .term life insurance no medical exam. no medical exam life insurance for seniors guaranteed life insurance. whole life insurance no medical exam no health questions. These are the various question asked by the visitors, one thing one should understand without having a proper medical check up no insurance company is going to give best and genuine term life insurance. genuine in the sense it will be really difficult for your family your dependent  to get the claim settlement

The logical question sequence of buying best term life insurance is this:.

1. Do I need Life Insurance right now or in my near future?
2. What kind?
3. For how long?
4. How much?
5. Are my existing policies(if any) sufficient? If not, what is the shortfall?
6. Now that I know what I need, which products from which companies can fulfil my requirements in the best way? Which among them is the lowest cost?
7. Am I currently eligible to buy it? At normal rates? If not, what can I do to become eligible?
8. Do I buy it directly from the company’s website to save costs? Or through an agent?
9. If I want to buy it directly, can I still get good advice to answer questions 1 to 7? Continue reading “What is the best Term Life Insurance and how to choose right plan Top Ten Life Insurance Plan”

Sbi Minimum Balance Charges, All You Need to Know (Effective from 1st April)

SBI New Rules, SBI Minimum Balance Charges, RBI Rtgs Charges All You Need to Know: Authorities of State Bank of India (SBI) has also formulated the SBI New Rules From April 2017 after a gap of five years. State Bank of India will be implementing the changes they announced a month back.

Authorities of State Bank of India(SBI) has also formulated the SBI New Rules From April 2017 after a gap of five years.

SBI account holders are advised to have a glance at theFrom April 2017, Service Charges Minimum Balance, ATM Fee from here To Be Implemented From April 1st onwards to be on the safe side.

Unlimited SBI ATM use without any charges, If you maintain 25000/- in your SBI savings account.

Unlimited SBI & OTHER BANK ATM use without any charges If you maintain 100000/- in your SBI savings account.

Continue reading “Sbi Minimum Balance Charges, All You Need to Know (Effective from 1st April)”

11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017

In Our Earlier Posts, we have shared all the latest update about bank wage revision 2017. In this post we are going to share WHAT will be the pay scale of SBI PO, IBPS PO after 11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017.

As We all know that the DFO (Department of Financial Services), MOF (Ministry of Finance) has been already communicating regarding 11th bipartite settlement. They have issued a notification to all the banks that are part of the process, advising them to complete the whole process well before the due date i.e. 1st November 2017.

Here we are sharing the complete demands of wage revision in the bank 2017. Continue reading “11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017”

Finance Bill 2017 Amendments All You Need To Know

The Finance Bill, 2017  what it means to you and what you should know about it. Finance Bill 2017 came along with a number of new legislation and was passed on March 22.

One of the new legislation that is not being appreciated is that Income Tax officers can now raid homes without having to provide any reason for it and attach properties only if they have ‘reason to believe’ that it is undisclosed income. This is a draconian law and can easily be used to inflict losses on a business/person. Can we really trust our income tax officials this much?

You will now need your Aadhaar card for filing your income tax returns. It will also be mandatory to link your Aadhaar card to your PAN card, or the latter will become invalid after July 1, 2017. 

With the Finance Bill, 2017, people can make use of the ‘electoral bonds’ to donate to political parties anonymously. that’s the hypocrisy of the government and just not in line with the thought process they are using to link everything with Aadhar

The Bill has also removed the cap of how much one (or a company) can donate to a political party. Again, seriously?

Finance Bill, 2017 also brings down the threshold limit of cash payments from Rs 3 lakhs to Rs 2 lakhs. so linked bank accounts, phone numbers provide them all the data on my spending and usage, no robust cyber security infrastructure in place either Continue reading “Finance Bill 2017 Amendments All You Need To Know”

Best Debt Funds For Investment in 2017 India Top Ten Debt Funds

A debt fund is a type of mutual fund that invests in fixed income securities like bonds, etc. Debt mutual funds mainly invest in a mix of debt or fixed income securities like Government securities, Treasury bills, Corporate bonds, etc. Debt funds are preferred by those who are looking for steady income with relatively lower risks, as its comparatively less volatile than equities. Before selecting the best debt funds to invest, it is important to know the benefits of investing in debt mutual funds. Continue reading “Best Debt Funds For Investment in 2017 India Top Ten Debt Funds”

SBI PO 2017 How I Cracked SBI PO Reasoning Aptitude Preparation 10 Ways

How I Cracked SBI PO Exam while just studying 4 hours a day for 3 months along with a 10-hour job which consumed a lot of my energy and made it into the blue corridors of this banking behemoth. Here are my cents for cracking this examination. I am sharing writing 10 ten ways to crack qualify sbi po exam which is just going to happen in next month. you have to follow just these simple step by step 10 guidelines after that you will be able to crack sbi po exam.

i) Avoid static GK completely. Learn the concept of opportunity cost and you will get a lot of clarity behind this hack of mine.
ii) Quantitative Aptitude section is majorly about Data Interpretation cases. Become quick in simple calculations and it will save you a lot of time in the main examination.
iii) Learn tables, square roots and cube roots. For bigger numbers, learn the tricks from YouTube to calculate it real fast. Remember, a second saved is a second earned.
iv) For every subject, focus more on quality rather than quantity.
v) Revise GK Capsules for last three months after prelims results are out. Don’t just cram the bullets, dig deep into them and go through every point again and again.
vi) Clarity of mind is extremely essential during the exam. I was clear about focusing on accuracy and thought about nothing else during the mains exam.
vii) Give a lot of mocks. And give them as if you are appearing for the real examination. It will eliminate a lot of problems that you might face on D-day.
viii) Solve a lot of time bound quizzes. It will keep a good check on your speed and accuracy.
Play it smart. You can not master every topic in the syllabus.
ix) During preparation, don’t think about how much others are studying. Their preparation is beyond your control.
Don’t waste time picking up a grammar book and cramming all the rules. Rather give time to reading, consume a lot of articles daily and it will have compounding effects over a period of time.
x) Do not reveal about your preparation to anybody, most importantly, relatives. This way you will be away from all the negativity and bullshit failure stories that they preach.
Read a lot of banking awareness and get into minute details of every topic.
Remember, the battle rests inside the mind. Condition it for success and things will work out your way.

All the best.