Online transactions charges should be reduced

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The increased transaction charges should be reduced.Country largest bank SBI has clarified that a charge of ₹25 will be levied on withdrawing money from an ATM through its mobile wallet app, a system that allows cardless ATM withdrawals.

The bank will also be charging ₹30 plus service tax for a 10 leaf cheque book to BSBDA customers, ₹75 with service tax for 25 leaf cheque book and ₹150 plus service tax for a 50 leaf cheque book.

What's strange is that while the government wants the economy towards a digital and cashless setting, the country's largest bank is charging customers for transacting online.



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