SBI ATM Withdrawal, Debit Card And Other Charges. Latest Details Here

State Bank of India (SBI) has revised charges on ATM withdrawal, cash transactions, issuance of cheque book and online transfer of funds through Immediate Payment Service or IMPS with effect from June 1. India's biggest bank SBI has clarified that customers of its mobile wallet State Bank Buddy will be charged Rs. 25 for every ATM withdrawal. SBI's app - State Bank Buddy - enables its customers to withdraw cash from ATMs using the bank's mobile wallet. However, savings bank accounts will continue to get eight free ATM transactions (five at SBI ATMs and three at ATMs of other banks) in metros and 10 free transactions in non-metros (five at SBI ATMs and three at ATMs of other banks), SBI added.

The limit of four ATM withdrawals per month only applies to the Basic Savings Banks Deposit Accounts, SBI added. SBI's basic savings account is a limited-services bank account aimed at poorer sections of society to encourage them to start saving without any burden of charges or fees, according to the bank's website. This type of bank account comes with an ATM-cum-debit free of cost and no annual maintenance charges. A basic savings bank deposit account holder is not eligible to open or keep any other savings bank account.