Post SBI merger with its associate Banks the charges for safety lockers has been hiked
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Recently the leading government Bank, State Bank of India merged with its 5 associate Banks namely, SBM, SBT, SBH, SBBJ, SBP and it was hailed as a great decision by the government of India.
This particular merger may be a great news for the government of India and employees of the said banks but definitely not to the customers of these 5 banks plus SBI, the reason being this merger has led to the Banks steeply hiking the charges levied on SDV, safe deposit vault or safe deposit locker or to put it simply locker charges.
Common man like me never told the mother Bank SBI or the GOI to go ahead with the merger of above mentioned banks and in fact we were quite happy doing business with the associate banks.
Now coming to the steep hike in locker charges, why should a common man like me who is an honest tax payer bear the brunt of some associate banks incurring losses or whatever reasons best known to them for their merger with the mother bank.
Also how can SBI take decisions like hiking up of their service charges unilaterally without taking customers into confidence and informing them about such an hike, does it not amount to daylight fooling of their own customers.
Also why has SBI not given an valid and convincing explanation for hiking charges and as a customer i would like to ask SBI why me and other customers like me should cough up more money when same services is being provided by it.
I request the Honorable Prime Minister of India, Honorable Finance minister of India and Honorable Chairman of SBI to look into this matter and revert back to the earlier bank sevice charges
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