India
SBI to charge Rs 15 per cash withdrawal beyond four free monthly transactions from October 1
Starting October 1, SBI will levy a fee of Rs 15 plus GST on each cash withdrawal beyond the four free withdrawals allowed per month for Basic Savings Bank Deposit accounts opened through branches. Digital transactions remain free.
From October 1, the State Bank of India (SBI) will charge Rs 15 plus applicable GST for each cash withdrawal beyond the monthly limit of four free withdrawals. The charge applies to Basic Savings Bank Deposit (BSBD) accounts opened through the branch channel. SBI announced the change in a public notice, saying customers will continue to get four free cash withdrawals per month. Once that limit is exhausted, each additional cash withdrawal will incur the fee. Digital transactions will remain free, with no restriction on the number of transactions. The notice also mentioned a change in how Aadhaar Enabled Payment System (AePS) transactions are treated.
- SBI cash withdrawal fees
- SBI Basic Savings Bank Deposit accounts
- Aadhaar Enabled Payment System changes
- SBI interest rates revision
- SBI Q1FY27 financial performance
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