NEWS & ADVICE : SAVINGS ACCOUNTS
Passbook updation charged at non home SBI branches
By Neelima Shankar
Dec 6, 2010
Print    Email    RSS   

The largest lender of the country, State Bank of India has started charging customers for passbook updation in non home branches. Non home branches refer to any branch other than the one where the customer has his account.

The service is free only in the home branch and every other branch will charge Rs 10 every time the service is availed.

"There is a cost involved to everything. As it is, SBI branches are crowded. In a non-home branch, if a huge crowd comes in just to update the passbook, then the customers of that branch will never get a chance to go to that counter," said A Krishna Kumar, deputy managing director (information technology), SBI.

BA Prabhakar, executive director, Bank of India, said, "We will not charge the customer for making an update on the passbook from a non-home branch. We do not find any reason to add a cost to such activities. There is not much of any additional cost which we are bearing."

"Updates in a passbook are a very normal service to be rendered to a customer. We do not see any reason to charge the customer for the same," said S Govindan, general manager (personal banking and operations), Union Bank of India.


 


(Comments Posted : 35) Post Your Comments
1. A big thank you for your blog article.Thanks Again. ozza
derzsef (Posted: Oct 13, 2014)
2. my sbi passbook is burnt i need duplicate book.my home branch is villupuram now i'm in mumbai should i go to villupuram to get it.my atm card is also expired nt working what to do
amala (Posted: Mar 23, 2014)
3. 5588 cheap nike free run 3
Keep your Nike Dunk Sneakers Crimp Cost-free of cost Identify out how

Christian Louboutin Outlet
Procedures to Make Exercise athletics Improved and captivating

Buy Cheap Louis Vuitton Bags
Foot Locker Coupons Can Spend less You A Lot of money On All Varieties Of Shoes

cheap nike free run 3
Boost the Protection with Mobile Antennas and Amplifiers

Louis Vuitton Outlet Stores
Nike Shox Sneakers or boots Introduction Nike Items Of your One particular of a sort Style and design and style Of No

Cheap Louis Vuitton Bags Sale
The Best 3 Reasons Why You Must Obtain a Distraction Look at As a Gift

Louis Vuitton Outlet Stores
Nike Air Power Just one-Way more of a Standard of living than a Style Trend
Engistgreence (Posted: Dec 9, 2013)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Steps to file Income Tax return online
Savings account portability: How...
PPF- How good an investment option!!
How to check balance in savings bank account
Carnival of Indian Personal Finance Blogs #4


Please check balance in my account of CENTRAL BANK...
i want to check my balance.My A/c no. is...
to know my CIF number of my A/c
pls check my balance
i want to check my balence
am manjunath m how to check my account

NEWS THIS WEEK
Himachal cooperative bank to launch new branches Oct 21, 2014
16 new branches of Andhra bank in Kochi to be launched soon Oct 20, 2014
Anywhere anytime banking Oct 17, 2014
RBI to keep coin exchange counters retained for public interest Oct 16, 2014
Deposit growth of banks raised up 11% Oct 15, 2014
News Archive