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ATM Cash Withdrawals to Get Costlier for SBI Customers from October 1st
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News18•24-09-2026, 09:28
ATM Cash Withdrawals to Get Costlier for SBI Customers from October 1st
- •From October 1st, SBI's Basic Savings Bank Deposit account holders will face higher charges for ATM cash withdrawals.
- •After four free transactions, each subsequent cash withdrawal will incur a charge of Rs 15 plus applicable GST.
- •Aadhaar Enabled Payment System (AePS) transactions, previously considered digital and exempt, will now be counted within the free cash withdrawal limit.
- •SBI also revised interest rates for domestic bulk fixed deposits of Rs 3 crore and above in August.
- •The bank reported a 10.23 percent year-on-year increase in net profit for the first quarter of the financial year 2027.
Key Questions Answered
Starting October 1st, SBI account holders with Basic Savings Bank Deposit Accounts will be charged Rs 15 plus applicable GST for each cash withdrawal exceeding the monthly limit of four free transactions.
SBI has removed the exemption that previously treated Aadhaar Enabled Payment System transactions as digital transactions, meaning they will now be counted within the monthly free cash withdrawal limits.
SBI recorded a 10.23 percent year-on-year increase in net profit, reaching Rs 21,121 crore for the April-June quarter, driven by higher interest income, robust loan growth, and lower bad loan provisions.
