After four transactions, SBI to levy charges on cash withdrawals
New Delhi, June 29
The country’s largest lender SBI will levy charges for cash withdrawal beyond four free transactions in a month from customers holding the basic savings bank deposit accounts. These customers will also be levied charges for cheque book beyond 10 leaves in a year.
As per the revision in service charges for BSBD accounts, SBI will levy charges ranging from Rs 15 to Rs 75 for the “additional value added services” with effect from July 1, 2021.
Non-financial transactions and transfer transactions will be free of cost at branches, ATM, CDM (cash dispensing machines) for the BSBD account holders.
SBI said it will charge Rs 15 plus GST per cash withdrawal for transaction at bank branches, SBI ATM or from other bank’s ATMs beyond four free cash withdrawals.
With respect to cheque book services, first 10 cheque leaves will be free of cost in a financial year.
“However, senior citizen customers are exempted (on cheque book services),” said the state-owned lender. — PTI
Rules effective from tomorrow
- SBI will levy charges ranging from Rs15 to Rs75 for the “additional value added services” with effect from July 1
- Non-financial transactions and transfer transactions will be free of cost at branches, ATM and cash dispensing machines for the basic savings bank deposit accounts
