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 on non-financial transactions by BSBD account holders at SBI and non-SBI bank branches. SBI BSBD account, popularly known as zero balance savings account is primarily meant for poorer sections of society in order to encourage them to start saving without any burden of charges or fees.

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History of this topic

SBI ATM Cash Withdrawal, Cheque Book Charges, Fees for Other Transactions Explained: Check Out
2 years, 5 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, 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 …

Income Tax to SBI ATM Rules, Axis Bank Charges: 5 Important Changes from Today
3 years, 5 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 Cash Withdrawal Charges: SBI Changes Rules For Cash Withdrawals From July 1
3 years, 5 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 Charges to Income Tax Return Rules— 5 Changes Effective from July
3 years, 5 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, 5 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, 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, 6 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 Rule Change: Cash Withdrawal from ATM to Cheque Books, Check New Charges
3 years, 6 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, 7 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 clarifies on excessive charges on transactions in zero-balance accounts
3 years, 8 months ago

SBI clarifies on excessive charges on transactions in zero-balance accounts

Hindustan Times  

The State Bank of India on Thursday released a clarification on reports stating that the bank, along with several others, has been levying ‘excessive charges’ on some services provided to those with zero-balance accounts or Basic Savings Deposit Accounts. SBI has stopped recovering charges in such accounts on all digital transactions w.e.f. According to the Reserve Bank of India's decision …

SBI collects Rs 300 crore from zero balance accounts for certain services in 5-year: Study
3 years, 8 months ago

SBI collects Rs 300 crore from zero balance accounts for certain services in 5-year: Study

India TV News  

Several banks, including State Bank of India, have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts, a study by the IIT-Bombay has revealed. The study observed that the SBI's decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders cannot …

Bank of Baroda rolls back cash deposits, withdrawals charges after public outcry
4 years, 1 month 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, 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 …

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, 5 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, …

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