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SBI New Rules: Cash Withdrawal Changes from October 1, Know All Details.
- •SBI cash withdrawal rules will change from October 1, affecting various account types.
- •For BSBD accounts, a charge of ₹15 + GST will be levied after 4 free cash withdrawals (ATM and branch) per month.
- •Salary Package Account holders will have 5 free transactions from other banks' ATMs, followed by ₹23 + GST for cash withdrawals and ₹11 + GST for non-financial transactions.
- •Free transactions will continue for Salary Package Account holders at SBI's own ATMs.
- •No new changes have been made to the existing ATM transaction rules for other SBI savings accounts.
Key Questions Answered
For Basic Savings Bank Deposit Accounts opened through the branch channel, customers receive 4 free cash withdrawals every month, which include both ATM and branch withdrawals. After the 4 free withdrawals are exhausted, a charge of ₹15 plus GST applies to every additional cash withdrawal.
Starting October 1, the number of free transactions from other banks' ATMs for SBI's Salary Package Account holders will be reduced to 5 across all locations for both financial and non-financial transactions. Once this free limit is exhausted, additional cash withdrawals from other banks' ATMs will cost ₹23 plus GST, while non-financial transactions will cost ₹11 plus GST.
For regular savings accounts other than Salary Package and BSBD accounts, no new changes have been introduced to the existing system of free ATM transactions.
