SBI Bank Alert! SBI to charge extra for ATM withdrawals from July 1 – Lokmat
By Kalpana Warrier on June 30, 2021
Published: June 29, 2021 08:35 PM2021-06-29T20:35:00+5:302021-06-29T20:35:00+5:30
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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 (BSBD) 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, State Bank of India (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 4 free cash withdrawals. “Charges will be recovered beyond 4 free cash withdrawal transaction (including ATM and branch),” SBI said. With respect to cheque book services, first 10 cheque leaves will be free of cost in a financial year. Thereafter, 10 leaf cheque book will be levied Rs 40 plus GST; 25 leaf cheque book at Rs 75 plus GST and emergency cheque book will attract a charge of Rs 50 plus GST for 10 leaves or part thereof, SBI said.”However, senior citizen customers are exempted (on cheque book services),” said the state-owned lender.BSBD accounts can be opened by any individual after valid KYC (know your customer) documentation.
