
BL editorial criticises SBI for Rs.15 levy plus GST when Basic Savings Account holders withdraw cash via ATMs–more than 4 times a month–[2] Editorial questions the levy on the ground of being unfair [ and defies logic ] and stresses the fact that the levy will be borne by the low income households & casual labourers among others [3] Further points out that Bank’s quarterly profits are Rs.20000 crore plus [4] SBI earned 286 crores via ATM charages and Rs-232 crores via recovery of penalty for not maintaining minimum balance.
