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Friday , 24 May 2019
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SBI card bill payment will attract fine if made by cheques

SBI card now has initiated charges on making payment via cheques, as per SBI card’s new policy on making payment of credit card; they will charge 100 rs as fine if payment below Rs.2000 is made via cheques.

As per SBI’s MD, this fine is imposed because a bulky number of cheques were being dropped after the due date and finally bank was charging fine against the late payment, customers were having the explanation that they dropped cheques on time.

He said that bank cannot go for the repetitive mistake of collecting a huge number of cheques late. After this fine, only 2 % people will get affected as only 2% people are making payment below Rs.2000.

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