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SBI Account Holders Alert: New Rules for Withdrawals and Transactions Effective Today!
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News18•30-09-2026, 15:51
SBI Account Holders Alert: New Rules for Withdrawals and Transactions Effective Today!
- •New rules for SBI savings and salary account holders come into effect from October 1, 2026.
- •Basic Savings Bank Deposit (BSBD) accounts will incur a charge of ₹15 plus GST for each ATM withdrawal after four free transactions.
- •For salary account holders, the free transaction limit at other bank ATMs has been reduced from 10 to 5 per month.
- •After the five free transactions, a charge of ₹23 plus GST will apply for cash withdrawals and ₹11 plus GST for non-financial transactions.
- •Account holders must manage their ATM usage carefully to avoid increased expenses due to these new charges.
Key Questions Answered
Starting October 1, 2026, SBI customers with BSBD accounts opened through branches will receive four free ATM withdrawals per month, after which they will be charged ₹15 plus GST for each subsequent ATM withdrawal.
State Bank of India has reduced the monthly free transaction limit for salary account holders from 10 to five free transactions per month when using debit cards at other banks' ATMs and ADWMs.
After exhausting the monthly free limit, salary account holders will be charged ₹23 plus GST for each cash withdrawal and ₹11 plus GST for non-financial transactions like balance checks or mini statements.
