STATE BANK OF INDIA IS LOOTING

After the recent merger of five subsidiary banks (including State Bank of Travancore, with whom our CHQ has the Accounts) in SBI, the Bank is levying unnecessary charges and putting unwanted restrictions.

More than Rs 25000 can not be sent to a particular account per day. One branch transfers Rs. 25000 to CHQ account one day. Nobody else can transfer amounts on that day.If they transfer we have to pay unnecessary fines.

Use NEFT to transfer funds to CHQ account. 

First, deposit the amount in the account of the branch.Then using NEFT (National Electronic Fund Transfer system) you can transfer any amount without paying extra charges.

ELSE, YOU CAN SEND THE AMOUNT AS DEMAND DRAFT OR AT PAR CHEQUE 

WE ARE SERIOUSLY CONSIDERING TO CHANGE THE BANK.

DO NOT USE CHQ PAN NUMBER

Some Circle Units have opened bank accounts giving CHQ PAN. Now, the Tax is deducted for the total amount taking together all the deposits made by CHQ and Circles with the same PAN. We are made to pay huge amounts as Income Tax. So, Circle Units are requested to obtain separate PAN. It is urgent.