SBICARD is violating many RBI Directions openly. I don't know who is giving them those authority! I already posted in this forum few days before that they issued SBI SimplySave against my old FBB STYLEUP card without my approval or consent. Irony is that when I asked them the reason they were simply pushing me to consider this card. After that, I started argument with RBI directives with them & they somehow felt fear about further escalations to Ombudsman & issued the card what I want with a promise of First Year Free, though I asked them to provide a LifeTimeFree card but they simply rejected. Currently, I am seeing SBICARD is simply losing it's glamour & imposing charges/cards to the customer to make profits. I experienced similar kind of unclear charges & services on their homeloan sanction with SBI. I think, SBI is somehow losing the game of competition & making the earnings by imposing hefty charges on their customers. Irony is that, most of the Indians are considering SBI as their safe lender/banker by which this bank rule it's monopoly. Indians should change the mindset first. I believe other PSBs like PNB, BOB, CANARA BANK etc far more transparent & competitive now a days. I am not considering Private players here as they are already superior & the future is already with them only.
