State Bank of India has recently introduced the Transactions based charges (by PBBU) & ATM related transactions (by Alternate Channels Department) which is effective from 01-01-2017. Due to this Customers are getting their account debited by state bank of India with remarks Excess DRS Charges in their account statement. in this post we are going to share What Is Fee Excess DRS Charges in State Bank Of India.
FEE Excess DRS Charges or Transaction based charges has been categorised on the basis of.
Now Monthly limit on a number of debit transaction has been also fixed and then after its chargeable.
MONTHLY LIMIT ON NUMBER OF FREE ATM TRANSACTIONS (BOTH FINANCIAL AND NON-FINANCIAL TRANSACTIONS) has been also fixed and then after its chargeable. 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
All the above calculations are per month basis. Average monthly balance is calculated by balance at the end of (Day1+Day2+Day3+…Day30) / 30.
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