SBI'S NEWLY PROPOSED ATM CHARGES AND FREE WITHDRAWALS
Home > News Shots > BusinessBy Dharani | Sep 27, 2019 05:29 PM
The Reserve Bank of India (RBI) has asked all the banks to allow a certain number of monthly free transactions for its customers. By which, you could even avail unlimited free transactions at SBI and other bank ATMs.
![SBI\'s Newly proposed ATM Charges and Free withdrawals SBI\'s Newly proposed ATM Charges and Free withdrawals](http://www.behindwoods.com/news-shots/images/business-news/sbis-newly-proposed-atm-charges-and-free-withdrawals.jpg)
The following are the 10 things to know about SBI ATM withdrawal charges:
1 – SBI customers maintaining a monthly average balance up to Rs. 25,000 can make 5 free transactions at SBI ATMs and 8 at other banks ATM in a month.
2 – SBI customers maintaining a monthly average balance between Rs. 25,000 and Rs. 50,000 can make unlimited free transactions at SBI ATMs and 8 at other banks ATM in a month.
3 – SBI customers maintaining a monthly average balance between Rs. 50,000 and Rs. 1,00,000 can make unlimited free transactions at SBI ATMs and 8 at others in a month.
4 – SBI customers maintaining a monthly average of Rs 1 lakh or more can make unlimited free transactions at both SBI and other banks ATM in a month.
5 – Any financial transaction beyond the monthly limit at SBI ATMs will be charged Rs. 10 + GST.
6 – Any financial transaction beyond the monthly limit at other banks ATM will be charged Rs. 20 + GST.
7 – Any non-financial transaction beyond the monthly limit at SBI ATMs will be charged Rs. 5 + GST.
8 – Any non-financial transaction beyond the monthly limit at other banks ATM will be charged Rs. 8 + GST.
9 – SBI will charge Rs.20 + GST for any transaction decline due to insufficient balance.
10- SBI salary account holders, irrespective of variants, will get free unlimited number of transactions at all SBI and other bank ATMs.
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