State Bank Of India

State Bank of India (SBI) is all set to revise export transactions related service charges to provide clear visibility of cost structures to traders. The revised charges will be applicable from September 1.

From September 1, export transactions related service charges will be segregated in two major segments - export credit customers and non-export credit customers. Charges would be further bifurcated for MSME and non-MSME customers. Also, export transactions related service charges for export credit customers will be fixed at 0.1 per cent per annum (excluding GST) of export credit limit, to be recovered at the time of sanction/renewal of the limit.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.