Updates on SBI Debit Card Fees, ATM And Cheque Book Charges

State Bank of India  said that all the ATM withdrawals are not chargeable as the country’s largest lender has revised service charges on various cash transactions for its customers. SBI made the clarification after the reports of increase in service charges on regular ATM transactions. “Rs. 25 per transaction is charged for withdrawing from State Bank Buddy through ATMs,” the lender said in a statement. It introduced a new facility that would enable withdrawal of cash through ATMs using the bank’s mobile wallet.

“If a customer has money in SBI Buddy, our mobile wallet, he can now withdraw that money through ATMs. Also, now customer can deposit cash or withdraw cash through business correspondent (BC) from or into our mobile wallet. These facilities were not available earlier,” State Bank of India MD (national banking) Rajnish Kumar told news agency Press Trust of India. The service charges will be effective from June 1, 2017, he added.

The limit of four ATM withdrawals in a month only applies to the Basic Savings Bank deposit accounts and also for the Jan Dhan accounts. For other Savings Bank accounts, the limit will be eight free ATM transactions (five SBI ATMs  three other bank ATMs) in metros and 10 free transactions in non-metros (five SBI ATMs  five other bank ATMs) free apart from the bank transaction.

Also, the charges for IMPS or online fund transfer, exchange of soiled notes, ATM card charges (except for RuPay card) and issuing new cheque books were revised.

SBI NEW CHARGES DETAILS

SBI NEW CHARGES

 

3 thoughts on “Updates on SBI Debit Card Fees, ATM And Cheque Book Charges

  1. Sbi not only charged on busy user SBI charge on petrol and online payment add or don’t added a\c reduce surcharge

  2. Sbi not only charged on busy user SBI charge on petrol and online payment add or don’t added a\c reduce surcharge.Pls resolve it his staff not know about these charges

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