The highly networked bank of India- State bank of India has plans to revise few of its charges and introduce some new. In September the bank has presented its plan for the revision of its charges to the Executive Committee to the Central Board at its meeting held on September 19.
The bank stated that from long time these charges were supposed to be revised. New service charges include processing charges for pension loan; cash handling charges for personal segment customers; safekeeping charges for gold ornaments against which gold loan. Apart from this there is revision in the charges of the ATM transactions as well.