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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1017.15
-60.40 (-5.61%) SBI’s JV starts charging Rs 100 on making small payments through cheque
Date: 19-04-2017State Bank of India’s (SBI) joint venture (JV) - SBI Card has started charging Rs 100 for payment through cheque if the amount is up to Rs 2,000. The fee kicks in from April 1. The move is aimed at encouraging digital payments in line with the government’s policy.
However, there will be no additional fee for cheque payments greater than Rs 2,000.
SBI Card is a joint joint venture between State Bank of India and GE Capital. The joint venture operates through two companies.