Published On : Fri, Jun 25th, 2021

SBI’s new charges on cash withdrawal, cheque book from July 1

Nagpur: State Bank of India (SBI) has announced revision in service charges for its Basic Savings Bank Deposit (BSBD) account holders that will kick in from July 1. For cash withdrawal, at branches charges will be recovered beyond 4 free cash withdrawal transactions (including at Branch & ATM) and at ATMs, charges will be recovered beyond 4 free cash withdrawal transactions (including at ATM & Branch).

The Additional Value Added Services will come into effect from July 1, 2021, SBI said. These SBI charges pertain to cash withdrawal at branches and at ATMs, charges related to Cheque Book, transfer and other non-financial transactions.

BSBD account holders will have to follow these charges for cash withdrawal:

First 10 cheque leaves FREE in a financial year.

* Rs 15 plus GST per cash withdrawal transaction at Branch Channel/ATM.

* SBI ATMs: Rs 15 + GST

* Other Bank’s ATMs: Rs 15 + GST

The following charges will be levied for Cheque Book

* First 10 cheque leaves FREE in a financial year.

* Thereafter:

* 10 leaf Cheque Book at Rs. 40 + GST

* 25 leaf Cheque Book at Rs. 75 + GST

* Emergency Cheque Book: Rs. 50 + GST for 10 leaves or part thereof.

However, Senior Citizen customers are exempted.

The Non-Financial Transactions at Branch Channel/ATM/CDM/ will be free for BSBD account holders in both SBI and other banks. Transfer Transactions of BSBD account holders will be free for branch and alternate channels.