SBI ATM Cash Withdrawal Charges: SBI Changes Rules For Cash Withdrawals From July 1
3 years, 8 months ago

SBI ATM Cash Withdrawal Charges: SBI Changes Rules For Cash Withdrawals From July 1

ABP News  

State Bank of India is going to bring changes in the service charge from July 1. That is, from Thursday, SBI will revise the service charges for withdrawing cash from its ATMs and bank branches. According to the SBI website, BSBD account holders will be able to make four free cash withdrawals per month from ATMs and bank branches. Senior Citizens Exempted The bank has exempted senior citizens from paying additional service charges. BSBD Account Facility For Underprivileged.... SBI BSBD account is known as a zero balance savings account.

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History of this topic

SBI Card revises cashback benefits on service, check details here
1 year, 11 months ago

SBI Card revises cashback benefits on service, check details here

Live Mint  

SBI Cards and Payments is all set to revise some of the services on Cashback SBI Card from 1 May,2023. In a notification issued on Thursday, SBI Cards and Payments said Cashback SBI Card will not offer any cashback on services like jewelry, school and educational services, utilities, insurance services cards, member financial institution/quasi cash, and railways and others. Please …

This credit card will help you get cashbacks on utility bill payments
2 years, 5 months ago

This credit card will help you get cashbacks on utility bill payments

Hindustan Times  

The SBI Card has launched its cashback-focused credit card in India which will enable the customers to earn five per cent cashback on all online spends without any merchant restrictions. The Cashback SBI Card available on VISA platform targets customers across all categories and offers a simple, seamless and digital joining experience, the company said in a statement. The Cashback …

SBI ATM Cash Withdrawal, Cheque Book Charges, Fees for Other Transactions Explained: Check Out
2 years, 8 months ago

SBI ATM Cash Withdrawal, Cheque Book Charges, Fees for Other Transactions Explained: Check Out

News 18  

Several banks, including both private and public sector lenders, levy certain charges from its customers for various transactions, including ATM cash withdrawal, cash transactions at branches, internet banking and others. ATM Transaction Fee Customers of the SBI who maintain an average monthly balance of up to Rs 1 lakh, get a free transaction limit of five transactions at SBI ATMs. …

SBI ATM Rules: How Many Free Cash Withdrawals Allowed in a Month? Know Limit, Charges
2 years, 8 months ago

SBI ATM Rules: How Many Free Cash Withdrawals Allowed in a Month? Know Limit, Charges

News 18  

The country’s largest lender State Bank of India offers five free transactions for customers maintaining a monthly balance of up to Rs 1 lakh at its ATMs in Delhi, Kolkata, Mumbai, Chennai, Bengaluru and Hyderabad. SBI charges Rs 10 to withdraw money from the bank’s ATM beyond the free limit, while it levies Rs 20 for financial transactions from other …

'SBI Can't Misinterpret RBI Circulars'- Madras High Court Holds Collection of Cash Handling Charges From Stamp Vendors Illegal
3 years, 4 months ago

'SBI Can't Misinterpret RBI Circulars'- Madras High Court Holds Collection of Cash Handling Charges From Stamp Vendors Illegal

Live Law  

The practice of collecting cash handling charges from stamp vendors who deposit money through treasury challans into the Government account must be done away with, Madras High Court has ruled recently, giving strict directions to the State Bank of India. "In the absence of any such specific direction or instructions from the Reserve Bank of India, the State Bank of …

Income Tax to SBI ATM Rules, Axis Bank Charges: 5 Important Changes from Today
3 years, 8 months ago

Income Tax to SBI ATM Rules, Axis Bank Charges: 5 Important Changes from Today

News 18  

From July, changes are set to take place across the banking sector. The State Bank of India has introduced revised charges set to take place from next month that will increase charges for cash withdrawals from its Automated Teller Machines and branches. From charges levied on cheque book usage to SMS charges from Axis Bank and even changes in IFSC …

SBI ATM Charges to Income Tax Return Rules— 5 Changes Effective from July
3 years, 8 months ago

SBI ATM Charges to Income Tax Return Rules— 5 Changes Effective from July

News 18  

As of next month, there will be a myriad of changes taking place across the banking sector. From LPG cylinder prices to revised banking charges — here are the key changes that will come into effect from July 1. 1) SBI ATM Withdrawal Charges to be imposed: For all customers of SBI, excluding those who bear a zero-balance account, charges …

SBI ATM Cash Withdrawal Rules, Charges to Change from Next Month. Details Here
3 years, 8 months ago

SBI ATM Cash Withdrawal Rules, Charges to Change from Next Month. Details Here

News 18  

Starting from next month, State Bank of India is all set to change the rules and charges for cash withdrawals from its ATMs and bank branches. Know new rules 1) The changes will be applicable for SBI Basic Savings Bank Deposit account holders. Touted as zero balance savings account, SBI Basic Savings Bank Deposit account is meant for poorer sections …

ATM Cash Withdrawal Charge, Debit Card, Credit Card Fee to Increase Soon
3 years, 9 months ago

ATM Cash Withdrawal Charge, Debit Card, Credit Card Fee to Increase Soon

News 18  

The Reserve Bank of India has allowed banks to increase charges on automated teller machines to Rs 21 per transaction. For customers using other bank ATMs for cash withdrawal are allowed three free ATM transactions in metro cities and five in non-metro centres. “It is also observed that the last change in interchange fee structure for ATM transactions was in …

SBI revises ATM cash withdrawal, cheque book charges limit; check now
3 years, 9 months ago

SBI revises ATM cash withdrawal, cheque book charges limit; check now

India TV News  

India's largest lender is all set to revise the service charges for SBI Basic Savings Bank Deposit account holders. SBI ATM cash withdrawal limit The SBI customers have to pay service charges post four free cash withdrawals. Cash Withdrawal limit The SBI will recover charges beyond four free cash withdrawal charges, the BSBD account holders will now have to pay …

SBI Alert: State Bank of India to revise rules for ATM cash withdrawal, chequebook charges from THIS date
3 years, 9 months ago

SBI Alert: State Bank of India to revise rules for ATM cash withdrawal, chequebook charges from THIS date

India TV News  

SBI Customer Alert: India's largest lender, State Bank of India is all set to revise the service charges for SBI Basic Savings Bank Deposit account holders. Cash withdrawal at SBI ATMs: The service charges will be recovered beyond four free cash withdrawals, including withdrawal at the ATM and Branch. The new service charge beyond four free withdrawals will be Rs …

SBI Rule Change: Cash Withdrawal from ATM to Cheque Books, Check New Charges
3 years, 9 months ago

SBI Rule Change: Cash Withdrawal from ATM to Cheque Books, Check New Charges

News 18  

India?s largest public sector bank, the State Bank of India has introduced new rules for cash withdrawal at its branches and ATMs. As per the official notification issued by the bank, the new rules will be applicable for Basic Savings Bank Deposits account holders of SBI, and will come into effect from July 1, 2021. For every additional cash withdrawal, …

SBI Account Holders: ATM Cash Withdrawal, Chequebook Charges Revised For These Customers
3 years, 9 months ago

SBI Account Holders: ATM Cash Withdrawal, Chequebook Charges Revised For These Customers

ABP News  

New Delhi: Those who hold Basic Savings Bank Deposit account of the State Bank of India, then it is important to know abou the new charges. Cash withdrawal At SBI ATMs According to the update on SBI's website, the bank will recover charges beyond 4 free cash withdrawal transaction. Chequebook charges The bank will provide 10 cheque leaves free in …

SBI ATM cash withdrawal, chequebook charges changed for these account holders. Details here
3 years, 9 months ago

SBI ATM cash withdrawal, chequebook charges changed for these account holders. Details here

Live Mint  

The country's top lender State Bank of India has revised service charges for Basic Savings Bank Deposit account holders. Cash Withdrawal At SBI branches The bank will recover charges beyond four free cash withdrawal transactions. Chequebook charges SBI would provide 10 cheque leaves free in a financial year to BSBD account holders. Non-financial transactions There would not be any charges …

Bank of Baroda rolls back cash deposits, withdrawals charges after public outcry
4 years, 4 months ago

Bank of Baroda rolls back cash deposits, withdrawals charges after public outcry

India TV News  

Cash Deposits, Withdrawals Charges: Days after announcing new changes in the cash deposits, withdrawals charges, Bank of Baroda on Tuesday withdrew it with immediate effect and said it would not charge for basic banking services following a public outcry. “We refer to our circular No.HO: BR: 112:393 dated 29.09.2020 regarding revision of Cash related service charges related to basic services …

SBI Extends OTP-Based ATM Withdrawal Throughout the Day
4 years, 6 months ago

SBI Extends OTP-Based ATM Withdrawal Throughout the Day

The Quint  

To reinforce ATM security system, lending major State Bank of India on Tuesday, 15 September, has extended its OTP-based cash withdrawal for Rs 10,000 and above throughout the day. OTP-based cash withdrawal for Rs 10,000 can now be carried out throughout the day across all SBI ATMs in the country starting 18 September. "For withdrawing Rs 10,000 and above, SBI …

SBI to change ATM cash withdrawal rules from September 18. Know details
4 years, 6 months ago

SBI to change ATM cash withdrawal rules from September 18. Know details

Live Mint  

India's biggest bank SBI is extending OTP-based cash withdrawal for ₹ 10,000 and above throughout the day across all SBI ATMs in the country. For safeguarding customers, SBI had introduced OTP based cash withdrawals of above ₹10,000 between 8 PM – 8 AM through SBI ATMs from January 1, 2020. "With the introduction of 24x7 OTP-based cash withdrawal facility, SBI …

SBI ATM-cum-debit card gets new safety feature
4 years, 6 months ago

SBI ATM-cum-debit card gets new safety feature

Live Mint  

State Bank of India customers can now block transactions on their ATM-cum-debit card via SMS. SBI's new facility for debit card users will help curb the ATM frauds which have been on the rise. Other ways to block ATM-cum-debit cards are through customer care call, net banking and SBI Quick app. SBI recommends that customers should conduct ATM transactions in …

Insufficient balance: How much SBI will charge for failed ATM transaction
4 years, 7 months ago

Insufficient balance: How much SBI will charge for failed ATM transaction

Live Mint  

State Bank of India has revised its ATM withdrawal rules with effect from 1 July. As per the information available on the official website of the State Bank of India sbi.co.in, in metro cities, SBI allows 8 free transactions to its regular savings account holders to transact in a month. The bank allows its customers maintaining an average balance of …

SBI new ATM withdrawal rules: Transaction limits, charges and other details
4 years, 8 months ago

SBI new ATM withdrawal rules: Transaction limits, charges and other details

Live Mint  

State Bank of India has revised its ATM withdrawal rules with effect from 1 July. In view of the coronavirus pandemic, SBI had waived service charges for all ATM transactions made on SBI ATMs as well as other bank ATMs on account of exceeding free number of transactions. "In view of the announcement made by Finance Minister on 24th March, …

SBI shares 10 ATM safety mantra to prevent debit card fraud
4 years, 10 months ago

SBI shares 10 ATM safety mantra to prevent debit card fraud

Live Mint  

Various banks, including country's top lender State Bank of India have been advising their customers on ways to bank safely. SBI recommends that customers should conduct ATM transactions in complete privacy in order to avoid any ATM-cum-debit card fraud. Avoid writing it on your ATM card or anywhere else 4) Avoid using birthdays and anniversary dates as you PIN 5) …

SBI waives service charges for all ATM transactions
4 years, 11 months ago

SBI waives service charges for all ATM transactions

Live Mint  

Country's largest lender State Bank of India will waive service charges for all ATM transactions made on SBI ATMs. "In view of the announcement made by Finance Minister on 24th March, State Bank of India has decided to waive ATM charges for all ATM transactions made on SBI ATMs and other bank ATMs on account of exceeding free number of …

SBI ATM cash withdrawal: How to make SBI debit cards more secure
5 years ago

SBI ATM cash withdrawal: How to make SBI debit cards more secure

Live Mint  

State Bank of India provides its customers the facility of making their debit-cum-ATM cards more secure. In order to make your debit card more secure, SBI has given a facility to make your ATM cards more secured by changing the daily withdrawal limit, changing the ATM channels and changing the usage of your ATM cards. You can switch your ATM …

SBI ATM cash withdrawal: New rules from today. Details explained here
5 years, 2 months ago

SBI ATM cash withdrawal: New rules from today. Details explained here

Live Mint  

Keeping in view the incidents of ATM-related frauds on the rise, State Bank of India has introduced a one-time password -based cash withdrawal system for its ATMs. SBI's OTP-based ATM cash withdrawal facility has come into system with effect from today, 1st January 2020. How will SBI customer withdraw cash through OTP In this process, once the cardholder enters the …

For SBI account holders, 3 things that change from today
5 years, 2 months ago

For SBI account holders, 3 things that change from today

Live Mint  

From today, 1st January 2020, few rules are changing for State Bank of India. In an attempt to improve customer experience, SBI is making some changes in its services like OTP-based ATM transactions, upgradation to EMV chip debit card, and reduction in its external benchmark based rate resulting in cheaper home loans. Let's take a look at what will change …

Debit Card Holders Attention! SBI, PNB, HDFC, ICICI Bank to block these ATM cards from 1st January 2020
5 years, 2 months ago

Debit Card Holders Attention! SBI, PNB, HDFC, ICICI Bank to block these ATM cards from 1st January 2020

India TV News  

Magnetic Debit Card Update: Are you debit card users of SBI, PNB, HDFC, ICICI, or other banks? According to the Reserve Bank of India guidelines, all Indian banks need to replace the magnetic debit card of their customers with a new EMV card. Following the RBI guidelines, All Indian banks including SBI, PNB, HDFC Bank, ICICI Bank customers who are …

SBI to deactivate these ATM-cum-debit cards from January
5 years, 2 months ago

SBI to deactivate these ATM-cum-debit cards from January

Live Mint  

State Bank of India has announced that magstripe debit card will be deactivated by 31 December 2019. You are left with just a few days now to get your magnetic stripe debit card upgraded with EMV chip and PIN-based SBI debit card. With effect from 1 January 2020, SBI customers will not be able to use their old magnetic stripe …

Important news for SBI cardholders! Bank introduces OTP-based cash withdrawal system. Get details here
5 years, 2 months ago

Important news for SBI cardholders! Bank introduces OTP-based cash withdrawal system. Get details here

India TV News  

In recent times, many cases of unauthorized transactions on account of skimmed/cloned cards were registered that led to fraud. To minimise the number of unauthorized transactions happening on ATMs, the State Bank of India has decided to introduce the OTP-based cash withdrawal system. The bank on its official Twitter handle posted a tweet, "Introducing the OTP-based cash withdrawal system to …

SBI to introduce new way of ATM cash withdrawal from 1st January
5 years, 2 months ago

SBI to introduce new way of ATM cash withdrawal from 1st January

Live Mint  

Country's largest lender State Bank of India will be introducing one time password based cash withdrawal system to help protect its customers from unauthorised transactions at ATMs. The OTP-based cash withdrawal system shall be active across all SBI ATMs effective 1 January 2020 between 8 pm to 8 am. Here is all you need to know about SBI's OTP-based cash …

Attention ATM users! SBI, Bank of Baroda restrict cash withdrawals from micro-ATMs of other banks
5 years, 5 months ago

Attention ATM users! SBI, Bank of Baroda restrict cash withdrawals from micro-ATMs of other banks

India TV News  

Bank ATM users alert: Bank of Baroda and State Bank of India have put cash withdrawal limitations for customers at micro-ATM terminals of other banks, in a move that would majorly impact banking services in rural areas. According to Economic Times reports, under new rules, BoB has limited its withdrawals for customers from micro-ATM terminals of other banks to four …

Attention SBI account holders! New bank service charges, penalties from today. Details inside
5 years, 5 months ago

Attention SBI account holders! New bank service charges, penalties from today. Details inside

India TV News  

SBI new service charges and penalties: India's largest lender, State Bank of India has revised its service charges and penalties with effect from today, i.e 1st October 2019. The bank has revised service charges including fee for non-maintenance of average monthly balance, ATM withdrawal from SBI branches and cash deposit transactions. Attention SBI account holders: New bank service charges, penalties …

SBI daily ATM cash withdrawal limit for different debit cards
5 years, 5 months ago

SBI daily ATM cash withdrawal limit for different debit cards

Live Mint  

Country's largest lender State Bank of India permits daily cash withdrawal limit from ATMs for certain debit card holders. Here are some of the ATM cash withdrawal limits applicable to SBI debit cards. ATM withdrawal limit: Minimum: ₹100, Maximum: ₹20,000 SBI Global International Debit Card: With SBI Global International Debit Card you get access to your account whenever and wherever …

SBI new ATM withdrawal charges, revision from October 1
5 years, 6 months ago

SBI new ATM withdrawal charges, revision from October 1

Live Mint  

Country's largest lender State Bank of India or SBI has come out with details on its website regarding revison of service charges with effect from 1st October. Five things to know about SBI ATM withdrawal charges: 1) Regular savings bank account holders get eight free transactions, including five transactions at SBI ATMs and three transactions at other bank ATMs. In …

SBI ATM withdrawal rules: Free transactions, charges and other details
5 years, 8 months ago

SBI ATM withdrawal rules: Free transactions, charges and other details

Live Mint  

The charges you pay for using Automated Teller Machines may change soon. Currently, the State Bank of India offers eight free transactions to regular savings bank account holders, including five transactions at SBI ATMs and three at other bank ATMs. In non-metros, such account holders get 10 free transactions, including five at SBI ATMs and five at others. The bank …

SBI offers unlimited free ATM withdrawals to these account holders. Details here
6 years, 3 months ago

SBI offers unlimited free ATM withdrawals to these account holders. Details here

Live Mint  

New Delhi: State Bank of India offers a fixed number of ATM transactions free of cost every month to its customers. The bank currently allows unlimited free transactions at State Bank of India Group ATMs to its customers who have maintained an average balance above ₹ 25,000 in their savings bank account in the previous month. Regular savings bank account …

SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cash
6 years, 4 months ago

SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cash

Firstpost  

Banks in India must dismantle ATMs and simultaneously install more and more swiping machines for their trade customers. State Bank of India has done well to limit cash withdrawals per day by its classic and maestro cardholders to Rs 20,000 from today from the hitherto generous limit of Rs 40,000 ). Indian Overseas Bank, for example, allows on its classic …

SBI debit cards: ATM withdrawal rules explained in 5 points
6 years, 4 months ago

SBI debit cards: ATM withdrawal rules explained in 5 points

Live Mint  

SBI has reduced the daily cash withdrawal limit for account holders who have Classic and Maestro debit cards. The daily cash withdrawal limit on SBI Classic and Maestro debit cards gets reduced to ₹ 20,000 from ₹ 40,000. “Daily cash withdrawal limits for Classic and Maestro debit cards reduced from ₹ 40,000 to ₹ 20,000 per day with effect from …

New SBI ATM withdrawal limits come into effect this week
6 years, 4 months ago

New SBI ATM withdrawal limits come into effect this week

Live Mint  

For SBI account holders, new ATM cash withdrawal rules kick in from October 31. SBI, the country’s largest bank, will reduce the daily cash withdrawal limit for Classic and Maestro debit cards to ₹ 20,000 per day, from ₹ 40,000, with effect from 31 October 2018. SBI account holders having higher daily cash withdrawal requirements can apply for other debit …

SBI to limit ATM withdrawals from October 31; here's how much you money you can withdraw
6 years, 5 months ago

SBI to limit ATM withdrawals from October 31; here's how much you money you can withdraw

India TV News  

The country's largest lender SBI will limit cash withdrawals from ATMs to Rs 20,000 per day for certain card holders from October 31, according to a communication. "Daily cash withdrawal limit for Classic and Maestro debit cards has been reduced from Rs 40,000 to Rs 20,000 per day with effect from October 31. If you require higher daily cash withdrawal …

SBI announces late fee waiver on loan EMIs in Kerala
6 years, 6 months ago

SBI announces late fee waiver on loan EMIs in Kerala

Live Mint  

From late payment fee waiver on loan EMIs to zero charges for issuing ATM cards and cheque books, India’s biggest bank, State Bank of India or SBI has announced many initiatives to help account holders in the flood-ravaged state of Kerala. SBI has announced temporary waiver of various charges and fee on banking transactions in Kerala for a “period of …

SBI's revised charges for ATM withdrawals to soiled notes exchange kick in today: Check out details here
7 years, 9 months ago

SBI's revised charges for ATM withdrawals to soiled notes exchange kick in today: Check out details here

Firstpost  

SBI will charge for all new ATM cards henceforth, but only RuPay classic card will be free of any charge State Bank of India, India’s largest commercial bank, has revised its charges for various banking services like ATM withdrawals, cash transactions and services charges beginning today. The savings account holders will get four free cash withdrawals from ATMs, beyond that …

Outrage in Kerala as SBI levies charges on ATM withdrawals
7 years, 10 months ago

Outrage in Kerala as SBI levies charges on ATM withdrawals

Firstpost  

Thiruvananthapuram: A public outcry erupted in Kerala after the State Bank of India announced that charges would be levied on all cash withdrawals from its ATMs from June onward. The bank’s new order states that every time a SBI customer withdraws cash from an ATM a charge of Rs 25 would be levied and charges would also be levied for …

SBI to charge for breach of minimum balance from 1 April; revise charges on ATMs, other services
8 years ago

SBI to charge for breach of minimum balance from 1 April; revise charges on ATMs, other services

Firstpost  

The Reserve Bank has permitted banks to levy charges for breaching minimum balance limit. After a gap of five years, State Bank of India has decided to reintroduce penalty on non-maintenance of minimum balance in accounts from April 1, and revised charges on other services, including ATMs. The country’s largest bank will permit savings bank account holders to deposit cash …

SBI announces penalty for non-maintenance of minimum balance from April 1
8 years ago

SBI announces penalty for non-maintenance of minimum balance from April 1

India TV News  

The State Bank of India, country's largest bank, has made it mandatory for account-holders to maintain a minimum balance from April 1 onwards. Making maintenance of Rs 5,000 mandatory for accounts in metropolitan areas, Rs 3,000 in urban areas, Rs 2,000 in semi-urban areas and Rs 1,000 in rural areas, the SBI listed out the charges to be effective from …

Restrictions on cash withdrawal likely to stay longer: SBI chairman
8 years, 2 months ago

Restrictions on cash withdrawal likely to stay longer: SBI chairman

India TV News  

Even as the exchange facility for demonetised notes will ends on December 30, State Bank of India chief Arundhati Bhattacharya believes that the restriction on cash withdrawal is likely to continue for longer period of time. "We do not expect the restrictions to go overnight until the banks get more cash," The Hindu quoted the SBI chairman as saying. Currently …

Customer charges on ATM usage waived till 30 December
8 years, 3 months ago

Customer charges on ATM usage waived till 30 December

Live Mint  

In the wake of current cash crunch due to banning of old Rs500 and Rs1,000 currency notes, the Reserve Bank of India has taken several measures in the past week to tackle the situation. According to an RBI circular issued on 14 November, banks shall waive off ATM charges for all transactions by savings bank customers done at their own …

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