SBI ATM charges and free withdrawals: 10 things to know
5 years, 6 months ago

SBI ATM charges and free withdrawals: 10 things to know

Live Mint  

All major lenders, including State Bank of India allows a certain number of ATM transactions every month to its customers. Here are 10 things to know about SBI ATM withdrawal charges: 1) SBI customers who have maintained a monthly average balance of up to ₹25,000 are allowed up to 5 transactions per month free of cost at SBI ATMs and 8 at other banks ATM, according to the bank’s website. 2) SBI customers maintaining a monthly average balance above ₹25,000 and up to ₹50,000 monthly average balance can do unlimited free transactions at SBI ATMs and 8 at other banks ATM, according to SBI website. 6) For any financial transactions beyond the monthly limit at an ATM of another bank, SBI charges ₹20 plus GST. 8) For any non-financial transactions beyond the monthly limit at an ATM of another bank, it charges ₹8 plus GST 9) SBI will charge ₹20 plus GST for transaction decline due to insufficient balance 10) SBI salary account holders at all locations, irrespective of variants, will get free, unlimited number of transactions at all SBI ATMs as well as other bank ATMs.

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History of this topic

ATM: Do You Have to Pay Rs 173 per Transaction after 4 Withdrawals in a Month? Govt Clarifies
2 years, 8 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, 9 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 ATM Cash Withdrawal Rules, Charges to Change from Next Month. Details Here
3 years, 9 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 …

ATM cash withdrawal fee hiked: Banks to charge Rs 21 per transaction beyond free limit
3 years, 9 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, 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 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 …

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 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 …

Debit card holders can withdraw from any ATM free of charges for next 3 months
5 years 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 cuts interest rate on savings bank accounts
5 years ago

SBI cuts interest rate on savings bank accounts

Live Mint  

The State Bank of India, country's largest lender, today rationalised interest rate on all savings bank accounts to a flat 3%, a move affecting 44.51 crore account holders. "Bank has rationalised interest rate on savings bank Account to a flat 3 % pa for all buckets," SBI said. "The charges on maintaining average monthly balance are now waived off on …

SBI waives minimum balance charges on all savings bank accounts
5 years ago

SBI waives minimum balance charges on all savings bank accounts

Live Mint  

India's largest bank SBI today announced that it will waive charges for non-maintenance of average monthly balance for all 44.51 crore savings bank accounts. Currently SBI savings bank customers need to maintain average monthly balance of ₹3000, ₹2000 and ₹1000 in metro, semi urban and rural areas respectively. India's biggest bank has also rationalised interest rate on savings bank account …

SBI ATM cash withdrawal limit for debit cards: Features, transaction limit and other details
5 years, 4 months 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 …

If you are SBI Bank account holder, then this news is important for you!
5 years, 4 months ago

If you are SBI Bank account holder, then this news is important for you!

India TV News  

If you are SBI Bank account holder, then this news is important for you! State Bank of India, the country's largest lender has revised the minimum balance rules that all account holders from November 1, 2019. SBI Bank has revised the minimum balance rules to ensure sufficient balance in the bank accounts of customers. The SBI bank has prescribed certain …

SBI customer attention! Know how much balance you need to keep in savings account or pay hefty penalty
5 years, 5 months ago

SBI customer attention! Know how much balance you need to keep in savings account or pay hefty penalty

India TV News  

The country's largest lender State Bank of India has revised the minimum balance rules that all customers should know. The customers who hold savings accounts at metros or semi-urban branches are required to maintain an average monthly balance of Rs 3,000, according to the lender's corporate website - sbi.co.in. 1,000 Penalty Charges Applicable In SBI Metro And Urban Branches Shortfall …

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 …

SBI daily ATM cash withdrawal limit for different debit cards
5 years, 6 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 account holders attention! Bank asks to maintain this much minimum monthly balance or pay hefty penalty
5 years, 6 months ago

SBI account holders attention! Bank asks to maintain this much minimum monthly balance or pay hefty penalty

India TV News  

SBI bank account holders alert: Are you State Bank of India account holder? To be noted, if someone does not maintain Rs 3,000 as average monthly balance and falls short by 50 per cent the individual will be charged Rs 10 plus GST. SBI account holders of semi-urban branches need to maintain an average monthly balance of Rs 2,000. Meanwhile, …

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 Savings Plus Account: Minimum balance, interest rates, other details
5 years, 8 months ago

SBI Savings Plus Account: Minimum balance, interest rates, other details

Live Mint  

The country's largest lender, State Bank of India, provides different types of accounts where customers can invest their hard-earned money. Apart from the regular savings account, fixed deposit and recurring deposit accounts, the bank also offers SBI Savings Plus Account. According to SBI, a savings bank account linked to multi option deposit account is called 'Savings Plus Account'. Here are …

SBI ATM withdrawal rules: Free transactions, charges and other details
5 years, 9 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 ATM rules: Unlimited withdrawals, transaction limits, charges and other details in 10 points
6 years, 3 months ago

SBI ATM rules: Unlimited withdrawals, transaction limits, charges and other details in 10 points

Live Mint  

New Delhi: State Bank of India allows free transactions to its customers at ATMs for 8-10 times in a month. The bank currently allows unlimited free transactions at State Bank of India Group ATMs to its customers who have maintained a monthly average balance above ₹ 25,000 in their savings bank account in the previous month. SBI customers having maintained …

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 debit cards that have more than ₹20,000 daily ATM cash withdrawal limit
6 years, 4 months ago

SBI debit cards that have more than ₹20,000 daily ATM cash withdrawal limit

Live Mint  

New Delhi: State Bank of India has halved the daily cash withdrawal limit from ATMs for certain debit card holders to ₹ 20,000 from Wednesday.The withdrawal limit has been curtailed on Classic and Maestro debit cards, held by a large number of the bank’s customers. “Daily cash withdrawal limits for Classic and Maestro debit cards reduced from ₹ 40,000 to …

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 …

New SBI ATM withdrawal limits come into effect this week
6 years, 5 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 …

ATM cash withdrawal limit: How much SBI, HDFC, PNB, ICICI Bank customers can withdraw
6 years, 5 months ago

ATM cash withdrawal limit: How much SBI, HDFC, PNB, ICICI Bank customers can withdraw

Live Mint  

New Delhi: There are certain limits on cash withdrawals from ATMs and these vary from bank to bank. Limits on other cards are: ICICI Bank Privilege Banking Titanium Debit Card: ₹ 1,00,000 per day ICICI Bank Smart Shopper Gold Debit Card: ₹ 75,000 per day ICICI Bank Smart Shopper Silver Debit Card: ₹ 50,000 per day SBI SBI has lowered …

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 …

Know why SBI reduced ATM withdrawal limit to Rs 20,000
6 years, 5 months ago

Know why SBI reduced ATM withdrawal limit to Rs 20,000

India Today  

With an aim to reduce the rising number of ATM fraud cases and give a boost to digital transactions, the State Bank of India halved the daily ATM withdrawal limit from Rs 40,000 to Rs 20,000. "In view of the increase in the number of complaints received by banks around fraudulent transactions at ATMs and to encourage digital and cashless …

SBI clarifies on minimum balance charges, claims lowest in industry
6 years, 7 months ago

SBI clarifies on minimum balance charges, claims lowest in industry

Live Mint  

New Delhi: India’s biggest bank State Bank of India or SBI has said that its charges or penalty for not maintaining the average monthly balance in savings bank accounts is among the lowest in the industry. In a tweet, SBI said: “With reference to recent news reports, the bank would like to reiterate that effective April 2018, the average monthly …

SBI shuts 41.2 lakh savings accounts for not keeping minimum balance
7 years ago

SBI shuts 41.2 lakh savings accounts for not keeping minimum balance

Live Mint  

Indore: State Bank of India has closed as many as 41.16 lakh savings accounts between April-January in the current fiscal year for not maintaining the minimum balance, reveals an RTI query. “Due to provisions of penalty on non-maintenance of minimum balance, the bank has closed 41.16 lakh savings bank accounts between 1 April 2017 and 31 January 2018,” the bank …

SBI lowers minimum account balance to ₹3,000: A 5-point guide on how it works
7 years, 6 months ago

SBI lowers minimum account balance to ₹3,000: A 5-point guide on how it works

Live Mint  

New Delhi: The State Bank of India on Monday lowered the minimum average monthly balance requirement in a savings account to ₹ 3,000 from ₹ 5,000 and also revised downwards penalties for non-adherence. Here is a five-point guide for customers to understand what the country’s largest lender reducing minimum average monthly balance requirements means for them: ■ The public sector …

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 to soon launch credit card with Rs 25,000 limit to tap low-income individuals
8 years, 3 months ago

SBI to soon launch credit card with Rs 25,000 limit to tap low-income individuals

India TV News  

At a time when cash crunch gripping the country these days, public sector bank SBI has decided to launch a credit card with a cap of Rs 25,000 for those at the lower strata of the society, a top company official said. So, card with a limit of Rs 25,000 against the security of bank deposit can be given to …

Customer charges on ATM usage waived till 30 December
8 years, 4 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 …

No ATM charges on transactions by saving bank customers till December 30
8 years, 4 months ago

No ATM charges on transactions by saving bank customers till December 30

India TV News  

In yet another attempt to lessen the woes of cash crunched people, the Reserve Bank of India today directed all the banks to waive ATM on all transactions done by savings bank customers till December 30. "It has been decided that banks shall waive levy of ATM charges for all transactions by savings bank customers done at their own banks' …

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