Alert! SBI rules for cash withdrawal from ATM, branch to change from July 1 - check details

The bank will further apply a fee of Rs 15 plus GST for every transaction that crosses the free limit. The service charge will be applicable at home branch and ATMs and non-SBI ATMs which means BSBD account holders of BSI will have to pay a service charge for making more than four free cash withdrawals in a month.

India’s largest lender, State Bank of India (SBI) has made changes in services like cash withdrawals from ATMs and bank branches. Come July 1, these new charges will be applicable on chequebook, transfer and other non-financial transactions, as per the details mentioned on the website. This will also apply to Basic Savings Bank Deposit (BSBD) account holders. Details about new rules and charges From July 1, SBI would now provide 10 cheque leaves free in a financial year to BSBD account holders and then the bank will levy a certain amount for providing cheques.