SBI to levy charges for cash withdrawal beyond 4 free transactions per month

Prime News, National (New Delhi), June 29:- The country’s largest lender SBI will levy charges for cash withdrawal beyond four free transactions in a month from customers holding the basic savings bank deposit (BSBD) accounts. These customers will also be levied charges for checkbooks beyond 10 leaves in a year.

As per the revision in service charges for BSBD accounts, the State Bank of India (SBI) will levy charges ranging from Rs 15 to Rs 75 for the “additional value-added services” with effect from July 1, 2021.

Non-financial transactions and transfer transactions will be free of cost at branches, ATM, CDM (cash dispensing machines) for the BSBD account holders.

SBI said it will charge Rs 15 plus GST per cash withdrawal for transactions at bank branches, SBI ATM or from other bank’s ATMs beyond 4 free cash withdrawals.

“Charges will be recovered beyond 4 free cash withdrawal transactions (including ATM and branch),” SBI said. With respect to chequebook services, first 10 cheque leaves will be free of cost in a financial year.

Thereafter, 10 leaf checkbooks will be levied Rs 40 plus GST; 25 leaf chequebooks at Rs 75 plus GST and emergency chequebooks will attract a charge of Rs 50 plus GST for 10 leaves or part thereof, SBI said. (MR, Inputs: Agencies).

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