New rules in SBI starting October 2019

In India many new rules related to banks are applied since 1 October 2019. You should know about these rules because these are direct connected with pocket.

India’s largest government bank State bank of India (SBI) has announced few new rules applicable from 1 October 2019. These are related to monthly average balance in account, debit transactions in metro and other cities, Cash deposit in bank, limit on cash deposit, NEFT & RTGS charges etc. Some important changes in rules are given below.

Average Monthly Balance Maintenance

As per new rule of SBI, average monthly balance will reduce for urban areas, starting 1 October 2019. Earlier it was Rs 5,000, which has been changed to Rs 3,000.
For semi-urban branches of SBI, required monthly balance is Rs. 2000 and rural branch’s account holders need to maintain average monthly balance Rs. 1000.

As per revised rule of SBI, if account holder does not maintain Rs 3,000 average monthly balance then there are various conditions for charges.
Below are charges detail for metro and urban branches

  1. If amount is 50% of Average Monthly Balance i.e. Rs 1,500, then charges will be Rs 10 + GST
  2. If amount is between 50% to 75% then charges will be Rs 12 + GST
  3. If amount is less more than 75% then Rs 15 + GST will be applicable.

For semi-urban branches of SBI below charges will applicable

  1. If amount is 50% of Average Monthly Balance i.e. Rs 1,500, then charges will be Rs 7.50 + GST
  2. If amount is between 50% to 75% then charges will be Rs 10 + GST
  3. If amount is less more than 75% then Rs 12 + GST will be applicable.

For rural branch’s account holder charges if doesn’t maintain average monthly balance.

  1. If amount is 50% of Average Monthly Balance i.e. Rs 1,500, then charges will be Rs 5 + GST
  2. If amount is between 50% to 75% then charges will be Rs 7.50 + GST
  3. If amount is less more than 75% then Rs 10 + GST will be applicable.

Cash Deposit & Withdrawals

SBI has announced big changes in cash deposit and withdrawals. Cash deposit in saving accounts will have limit and cash can be deposit 3 times for free in a month after that Rs 50 + GST charge will applicable for every transaction after limit.
Apart from this in non home branches cash deposit limit is Rs 2 Lakh per day .

Withdrawals will depend on average monthly balance of account holder.

  1. If average balance in month is up to Rs 25000 then number of free transactions per month are
    a. 5 in SBI ATMs
    b. 3 in other banks ATMs in metro
    c. 5 in other banks ATMs in other cities
  2. If average balance in month is between Rs 25,000 – Rs 100,000 then number of free transactions per month are
    a. Unlimited in SBI ATMs
    b. 3 in other banks ATMs in metro
    c. 5 in other banks ATMs in other cities
  3. If average balance in month is above to Rs 100,000 then number of free transactions per month are
    a. Unlimited in SBI ATMs
    b. Unlimited in other banks ATMs in metro
    c. Unlimited in other banks ATMs in other cities

NEFT & RTGS

National Electronic Funds Transfer (NEFT) & Real Time Gross Settlement (RTGS) are revised. If you are doing it digitally then it is free. Charges will applicable at branches. It means online transfer, NEFT, RTGS via your mobile or computer by using net banking will free of cost. But if you are doing it at branch then it will chargeable.

  1. Up to Rs. 10,000 charges will be Rs 2 + GST
  2. Between Rs 10,000 to Rs 100,000 charges will be Rs 4 + GST
  3. Between Rs 1 Lakh to Rs 2 Lakh charges will be Rs 12 + GST
  4. More than Rs 2 Lakh charges will be Rs 20 + GST

Free Shipping coupon in woocommerce

Free shipping coupon is most popular way to inspire customers to purchase some more on your store. Here can be various type of offers related to free shipping. Some examples are below where free shipping can be allowed and increase a chance of more shopping by customers
– On first order
– On minimum some amount spent.
– Till a special date. It can be festival season.
– Only on some products or a single product.
– Only on some categories or a single category.
– and many more…

So we can see above there can be many combinations and if allow free shipping coupon to customers then it can help in increase number of items in customer’s cart and obviously increase sale .
In woocommerce it is really much easy to manage free shipping and enjoy it’s benefits.
In this article I will show how we can easily setup it in woocommerce store. Below is easy steps to create free shipping on first order of customer

  • Go to Woocommerce->settings->Shipping
  • Select your shipping zone where need to allow offer
  • On click of zone next screen will be add shipping method. There can be flat rate or something you added earlier. Now add new shipping method i.e. free shipping
  • Next step is edit free shipping and put some setting. If you want to allow free shipping by coupon just select it

Free vs paid SSL and setup in Ubuntu

Now a days internet security is more important. It’s important to let world know that your site is safe. Free and paid both SSL are available.
Free vs paid ssl is broad topic and in this article, you will get difference and reasons to choose. Before proceed let’s little description about SSL.

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How to use CRM in business

No doubt, CRM is the backbone of business in this era of digital. Now a days we focus on business only and many other related things happening automatically and maintain each and every records in a good manner and securely.
This article is for those people who are running small or mid size business and need to maintain business in a systematic way. Maintain every records in a system and reduce manpower and common human mistakes.

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Setup LAMP on ubuntu

Many times when we need to setup a sever at cloud or somewhere, we need some good and step wise document for install PHP, apache and mysql if this requirement comes sometimes. Before setup LAMP on Ubuntu I would like to provide some small explanation . A LAMP stack is a group of some open source software Apache, MySQL, PHP for Linux distribution.

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