If you are an account holder of SBI and use its debit card, then this news is for you only. State Bank of India has changed its ATM withdrawal rules from July 1, under which the penalty will be levied on crossing the limit of free transactions and in addition to the failure of the transaction due to low balance. Let us know what are the rules, which you need to know …
8 free transactions to your regular savings account holders in a month
These include free transactions from 5 SBI ATMs and 3 ATMs of any other bank.
There are 10 free ATM transactions in non-metro cities, out of which 5 transactions can be done from SBI, while 5 from other banks’ ATMs
Savings account holders having an average monthly balance of more than Rs 1,00,000 in a bank account, unlimited transaction facilities
These other changes
If the transaction fails in case of low balance in the account, GST has to be paid along with a fee of Rs 20
If you withdraw more than 10 thousand rupees from SBI ATM, you will need OTP
Account holders will need OTP to withdraw cash from SBI ATM from 8 am to 8 am.
Withdraw cash from any other ATM you will not need any OTP.