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SBI Card imposes fee on cheque payments

SBI Card imposes fee on cheque payments

Tuesday, April 18, 2017, 11:26 AM

SBI Card has decided to impose a charge on payments made by cheque. The card company recently communicated to customers that henceforth payments of below Rs.2,000 made through cheque drop box will attract a fee of Rs.100. SBI Card MD Vijay Jasuja said, "A large number of cheques were being dropped late into the boxes and subsequently disputes were raised on late payment charges".
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