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ATM Withdrawal Fee: This bank charges for withdrawing money from ATM card, know when and how much fee has to be paid.

SBI Charges- It is important for every bank customer to know about ATM card charges. This not only saves the customer from unnecessary charges, but also, knowing the charges, one does not have to argue with the bank employees unnecessarily when money is deducted.

ATM Withdrawal Fee: Indian banks usually provide their customers the facility of doing ATM transactions in a limited number every month. Banks charge a fee for withdrawing money from ATM after the limit set by the banks. Banks also provide the facility of unlimited ATM transactions, but for this the customers have to fulfill some conditions. India’s largest bank i.e. State Bank of India also charges these charges (SBI ATM Transaction Charges). SBI’s charges also depend on the nature of the transaction and the type of city. That is, the charges of metro and common cities are different. Apart from this, SBI ATM card holders may have to pay more money even if they withdraw money from another bank’s ATM with SBI ATM card.

It is important for every bank customer to know about ATM card charges. This not only saves the customer from unnecessary charges, but also if the charges are known, then there is no need to argue with the bank employees unnecessarily when the money is deducted. Today we will tell you in detail about SBI ATM charges.

SBI ATM Free Transaction

The country’s largest bank offers its customers unlimited free ATM transactions at its ATMs as well as other banks’ ATMs, subject to certain conditions. Customers maintaining an average monthly balance of more than Rs 25,000 in their SBI savings bank account can make unlimited ATM transactions within the bank’s ATM network. However, to avail this facility at other banks’ ATMs, SBI customers will have to maintain a balance of Rs 1 lakh.

Customers maintaining a monthly balance of up to Rs 1 lakh in their SBI account can make 3 free of cost transactions from other banks’ ATMs in the country’s six metro cities i.e. Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad. Whereas, six transactions can be done for free in other cities.

If an SBI bank account holder maintains a monthly balance of Rs 25,000 in his account, he will get five free transactions in a month at SBI ATMs. Those who keep more than Rs 25000 in their account get the facility of unlimited transactions. If an SBI account holder wants to do unlimited ATM transactions in other banks as well, then he will have to maintain a monthly average balance of Rs 1 lakh.

Charges will have to be paid after the free limit is over

If a customer transacts through ATM after the limit set by SBI, he will have to pay charges. If you use the ATM of any other bank other than SBI, you will have to pay Rs 20 per financial transaction. GST will also be levied on this. Similarly, if you withdraw money from SBI ATM or do any other transaction, you will have to pay Rs 10 and GST on it.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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