SBI ATM withdrawal rules: Free transactions, charges and other details
5 years, 6 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 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. This fee structure determines the charges you pay for using your ATM card at the ATMs of banks other than the issuing bank.

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History of this topic

SBI ATM Withdrawal Rule: Want to Withdraw More Than Rs 10,000? You Need to Enter OTP
2 years, 5 months ago

SBI ATM Withdrawal Rule: Want to Withdraw More Than Rs 10,000? You Need to Enter OTP

News 18  

SBI ATM Cash Withdrawal Rules: The State Bank of India, or SBI, which has the highest number of customers in the country, has always been alert about preventing ATM scams. The lender has in effect a one-time password based cash withdrawal system whereby customers who wish to withdraw money from an SBI ATM will have to enter an OTP. How …

ATM: Do You Have to Pay Rs 173 per Transaction after 4 Withdrawals in a Month? Govt Clarifies
2 years, 5 months ago

ATM: Do You Have to Pay Rs 173 per Transaction after 4 Withdrawals in a Month? Govt Clarifies

News 18  

ATM Withdrawal Rule: The Reserve Bank of India has its guidelines when it comes to withdrawing money from ATMs or do non-financial transactions using them. दावा: ATM से 4 से अधिक बार पैसे निकालने पर ₹173 काटे जाएंगे। #PIBFactCheck▶️यह दावा फर्जी है। ▶️अपने बैंक के ATM से हर माह 5 मुफ्त ट्रैन्ज़ैक्शन किए जा सकते हैं। ▶️इसके बाद अधिकतम ₹21/ट्रांजैक्शन …

SBI ATM Rules: How Many Free Cash Withdrawals Allowed in a Month? Know Limit, Charges
2 years, 6 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 …

Cardless cash withdrawal via UPI at all banks' ATMs soon | How will this benefit you
2 years, 9 months ago

Cardless cash withdrawal via UPI at all banks' ATMs soon | How will this benefit you

India Today  

The Reserve Bank of India on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs. "It is now proposed to make card-less cash withdrawal facility available across all banks and ATM networks using the UPI. The RBI said that the absence of a need for a card to initiate cash withdrawal transactions would help in containing …

Card-less cash withdrawal facility across all banks' ATM network soon: RBI
2 years, 9 months ago

Card-less cash withdrawal facility across all banks' ATM network soon: RBI

India TV News  

Highlights The facility is proposed to be made available through the Unified Payments Interface Settlement of such transactions would happen through the ATM networks In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs. "It is now proposed to make card-less cash withdrawal facility available across all …

ATM service charges increased from Rs 20 to Rs 21: All you need to know
3 years ago

ATM service charges increased from Rs 20 to Rs 21: All you need to know

Op India  

The service charges per transaction for Automated Teller Machines across banks have increased to Rs 21 from Rs 20 starting Saturday after the Reserve Bank of India issued an order stating that customers will have to pay Rs 1 more beyond the permissible free transactions for cash as well non-cash purposes. In a nutshell, customers who transact at other banks’ …

'SBI Can't Misinterpret RBI Circulars'- Madras High Court Holds Collection of Cash Handling Charges From Stamp Vendors Illegal
3 years, 1 month 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 …

SBI ATM Withdrawal New Rule: How to Withdraw Cash Using OTP to Avoid Frauds
3 years, 2 months ago

SBI ATM Withdrawal New Rule: How to Withdraw Cash Using OTP to Avoid Frauds

News 18  

At a time when ATM frauds have become common across the whole country, the State Bank Of India has come up with a unique solution to protect its ATM card users from falling into the trap. The new move taken by SBI to inch towards better safety is the introduction of an OTP based cash withdrawal system from the ATMs. …

SBI ATM Cash Withdrawal Charges: SBI Changes Rules For Cash Withdrawals From July 1
3 years, 6 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 …

SBI ATM Cash Withdrawal Rules, Charges to Change from Next Month. Details Here
3 years, 6 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 …

Looking For Unlimited Free ATM Transactions? Here Are Banks That Offer This Service
3 years, 6 months ago

Looking For Unlimited Free ATM Transactions? Here Are Banks That Offer This Service

ABP News  

New Delhi: In a recent notification, the Reserve Bank of India has allowed the banks to raise the charges for cash and non-cash ATM transactions beyond the threshold of the free monthly limit. Most private and public banks in India currently allow five free ATM transactions in urban cities and towns from their own bank ATMs. But some private banks …

ATM Cash Withdrawal Charge, Debit Card, Credit Card Fee to Increase Soon
3 years, 6 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 …

ATM cash withdrawal fee hiked: Banks to charge Rs 21 per transaction beyond free limit
3 years, 6 months ago

ATM cash withdrawal fee hiked: Banks to charge Rs 21 per transaction beyond free limit

India TV News  

The Reserve Bank of India has allowed the banks to hike the fee charged on cash withdrawal beyond the permitted free ATM transaction limit from Rs 20 to Rs 21 per transaction, with effect from January 1, 2022. Beyond the free transactions, the ceiling/cap on customer charges is Rs 20 per transaction. "To compensate the banks for the higher interchange …

SBI revises ATM cash withdrawal, cheque book charges limit; check now
3 years, 7 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, 7 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, 7 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 ATM cash withdrawal, chequebook charges changed for these account holders. Details here
3 years, 7 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 …

ATM Withdrawal to Minimum Balance, All You Need to Know About Bank Service Charges
3 years, 7 months ago

ATM Withdrawal to Minimum Balance, All You Need to Know About Bank Service Charges

News 18  

Having a bank account has become a necessity in today’s world. The Axis Bank levy charges if a customer breached the limit of four free transactions or cash withdrawals of up to Rs 2 lakh in a month, whichever is earlier.Since May 1, Axis Bank users now have to pay 2.5 per cent of the amount withdrawn from the savings …

SBI Extends OTP-Based ATM Withdrawal Throughout the Day
4 years, 3 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, 3 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, 4 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, 4 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, 6 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, 7 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) …

ATM cash withdrawal: SBI shares 7 safety tips to guard against coronavirus
4 years, 9 months ago

ATM cash withdrawal: SBI shares 7 safety tips to guard against coronavirus

Live Mint  

In the time of novel coronavirus, you must take every precaution to save yourself and your family from the deadly virus. Country's largest lender State Bank of India has shared certain tips for all bank customers using ATM for withdrawing cash. Precautions you must take while using an ATM as mentioned by SBI are as under: 1) Avoid using the …

Debit card holders can withdraw from any ATM free of charges for next 3 months
4 years, 9 months ago

Debit card holders can withdraw from any ATM free of charges for next 3 months

Live Mint  

Finance Minister Nirmala Sitharaman today said that debit card holders who withdraw cash from any bank's ATM can do it free of charge for the next three months to promote digital financial transactions at the time of coronavirus pandemic. ".so you may have a debit card from a bank, a particular bank, but you will now be allowed, without additional …

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

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

Bank ATM cash withdrawal: RBI announces new guidelines on ATM transactions. Check out
5 years, 1 month ago

Bank ATM cash withdrawal: RBI announces new guidelines on ATM transactions. Check out

India TV News  

Bank ATM Transaction: In a move to put a curb on the increase in fraud in ATM cash withdrawals and ensure its safety, the Reserve Bank of India on Thursday announced new guidelines on ATM transactions. In its bi-monthly “Statement on Developmental and Regulatory Policies”, the central bank noted that several banks and other regulated entities depend on third-party application …

SBI ATM cash withdrawal limit for debit cards: Features, transaction limit and other details
5 years, 1 month ago

SBI ATM cash withdrawal limit for debit cards: Features, transaction limit and other details

Live Mint  

State Bank of India offers seven types of ATM-cum-debit cards to its customers. ATM withdrawal limit: ₹20,000 Here are some of the charges applicable to the SBI Classic Debit card: Issuance charges -Nil Annual Maintenance Charges - ₹125/- plus GST Card replacement charges - ₹300/- plus GST 2) SBI Global International Debit Card With SBI Global International Debit Card you …

Attention ATM users! SBI, Bank of Baroda restrict cash withdrawals from micro-ATMs of other banks
5 years, 3 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, 3 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 new ATM withdrawal charges, revision from October 1
5 years, 3 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 …

Bank of India asks account holders to stop using debit cards for cash withdrawal – India TV
5 years, 3 months ago

Bank of India asks account holders to stop using debit cards for cash withdrawal – India TV

India TV News  

Amid a massive rise in the fraud cases happening through bank ATM cards or debit cards like cloning and skimming, India's one of the largest public sector bank Bank of India has issued an advisory for its customer. The bank in its statement has warned its customer of banking fraud and has asked them to stop using a debit card …

Good news for debit card, credit card bank ATM users! RBI says don't pay, if this happens
5 years, 4 months ago

Good news for debit card, credit card bank ATM users! RBI says don't pay, if this happens

India TV News  

Debit card, credit card user' alert: If you are a Debit card or Credit card user and go to bank ATMs for cash withdrawal then there is good news for you from Reserve Bank of India. According to reports, RBI has clarified that due to any technical reason----be it hardware or software or wrong PIN entry or communication issue or …

RBI tells banks on what not to count as part of ’free ATM transactions’
5 years, 4 months ago

RBI tells banks on what not to count as part of ’free ATM transactions’

Live Mint  

Mumbai: The Reserve Bank on Wednesday asked banks not to count failed transactions at ATMs due to technical reasons as part of "free ATM transactions" permitted every month. Besides, use of ATMs for balance enquiry and fund transfers too should be not part of the free transactions facility given to a customer. The RBI's clarification in this regard comes after …

Is it finally time for a hike in ATM interchange fees?
5 years, 6 months ago

Is it finally time for a hike in ATM interchange fees?

Live Mint  

The Reserve Bank of India recently set up a committee to review the ATM interchange fee. V Balasubramanian, President - Merchant & Terminal Business, FSS Balasubramanian V, Confederation of ATM Industry Rate hike will add more ATMs, promote inclusion We have been pushing for a hike in interchange rate as new regulatory requirements, coupled with low interchange rates, were making …

RBI to review ATM charges: How will it affect your money withdrawal?
5 years, 6 months ago

RBI to review ATM charges: How will it affect your money withdrawal?

Live Mint  

Mumbai: Recently, the Reserve Bank of India set up a committee to review the automated teller machine interchange fee. The committee will review the existing structures and patterns of costs, charges and interchange fees for ATM transactions, the overall patterns of usage of ATMs by cardholders and assess the impact on charges and interchange fees, assess the entire gamut of …

RBI constitutes six-member panel to review ATM interchange fee structure
5 years, 6 months ago

RBI constitutes six-member panel to review ATM interchange fee structure

Live Mint  

New Delhi: The Reserve Bank of India on Tuesday constituted a six-member committee to review the ATM interchange fee structure with a "view to give a fillip to the ATM deployment in the unbanked areas". In order to address these, it has been decided to set up a Committee involving all stakeholders, under the chairmanship of the Chief Executive Officer, …

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