Online SBI Bank Info

SBI ATM: New Transaction Charges, Withdrawal Usage Limits

Published

2 weeks ago

August 30, 2024

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ATM withdrawal charges for SBI

Average Monthly Balance (Charges based on number of transactions)	Same branch ATMs	Other Bank ATMs (metro)	Other Bank ATMs (non-metro)
< Rs.1000	5	3	5
>Rs.1000 and up to Rs.25,000	5	3	5
>Rs.25,000 up to Rs.50,000	Unlimited	3	5
>Rs.50,000 up to Rs.1,00,000	Unlimited	3	5
> Rs.1,00,000	Unlimited	Unlimited	Unlimited

Revision of SBI Service Charges (Modifications and Additions that will be effective on and from June 1, 2017)

Description of the Service Charges	Revised Rates
Service Charges for the exchange of Imperfect or Soiled Notes
Value up to Rs.5,000 and up to 20 pieces	Nil charges
Charges for IMPS transfer of funds via INB, MB, OPI or USSD
More than Rs.1 lakh and up to Rs.2 lakh	Rs.15 + GST
More than Rs.2 lakh and up to Rs.5 lakh	Rs.25 + GST
Up to Rs.1 lakh	Rs.5 + GST
Above 20 pieces and/or value above Rs.5,000
Above 20 pieces	Rs.2 for each piece on the entire tender along with GST.
	Rs.2 for each piece or Rs.5 for 1000 along with GST, whichever is more on the entire tender.
Example: Rs.500 (25 pieces) is equal to Rs.12,500 Charges Rs.2 for each piece: Rs.50 + GST Charges at the rate of Rs.5 for each Rs.1000: Rs.62.50 + GST Amount that is chargeable is equal to Rs.62.50 + GST
Applicable for the SBI Buddy Wallet customers
Service Charges for State Bank Buddy
Cash deposit in to the Wallet via BC (Business Correspondent)	0.25% of the total transaction value (Minimum of Rs.2 and Maximum of Rs.8) + GST.
Cash withdrawal from the Wallet Balance vis BC (Business Correspondent) – up to Rs.2,000 in multiples of Rs.100	2.50% of the transaction value (Minimum amount of Rs.6) + GST.
Cash withdrawal from the Wallet Balance vis ATM	Rs.25 for each transaction.
Service charges for the BSBD (Basic Savings Bank Deposit) accounts
Cheque Book issuance	Cheque Book with 50 leaves – Rs.150 + GST. Cheque Book with 25 leaves – Rs.75 + GST. Cheque Book with 10 leaves – Rs.30 + GST.
ATM Card issuance	The RuPay Classic card is the only card that comes free of cost.
Withdrawals	4 withdrawals in 1 month free of charges. This includes ATM withdrawals too. After the 4 withdrawals are complete: Home Bank ATMs – Rs.10 + GST for each transaction. Other Bank ATMs – Rs.20 + GST for each transaction. At the branch – Rs.50 + GST for each transaction.

Revised Charges for ATM Transactions for all Banks

Post demonetisation, the daily withdrawal amount has been increased from Rs.4,500 to Rs.10,000 since 16th January 2017. Refer to the table below for the existing number of free transactions and the fees involved for transactions beyond the free limit.

Name of Bank	Free transactions allowed (each month)	Fees for Transactions Beyond Free Limit
	Own Bank ATM	Other Bank ATM	Financial	Non-Financial
Axis Bank	5	3	Rs. 20+ GST	Rs. 9.55
ICICI Bank	5	3	Rs. 20+ GST	Rs.8.50 + GST
IDBI Bank	Unlimited	5	Rs.20	Rs.8
Citi Bank	Unlimited	Unlimited
Bank of Baroda	Unlimited	Depends on the policies of those banks	Rs.20 + GST	Rs.10 + GST
HDFC Bank	5	3	Rs.20 + GST	Rs.8.50 + GST
State Bank of India	Unlimited (for salary accounts)	Unlimited (for salary accounts)	–	–
Kotak	Unlimited	5	Rs.20 + GST	Rs.8.50 + GST
Canara Bank	Unlimited	5	Rs.20 + GST	Rs.10 + GST
Punjab National Bank	Unlimited	5	Rs.20	Rs.20

Note:

The free transaction limit of 3 transactions is only applicable to Metro cities (Bangalore, Chennai, Delhi, Hyderabad, Kolkata, and Mumbai). For all other locations, the limit is 5.
The free transaction limit is not applicable to no-frills or small savings accounts.
Banks can choose to offer a higher number of free transactions if they wish to.