For transactions beyond the free limit, SBI levies a fee ranging from ₹ 5 to 20, depending upon the type of transaction and the ATM.
State Bank of India (SBI), India's largest public-sector lender, offers five free transactions at its group ATMs for customers maintaining a monthly balance of up to ₹ 1 lakh.
For ATMs located in six metro centres - Delhi, Kolkata, Mumbai, Chennai, Bengaluru and Hyderabad. For the other bank ATMs, the free transactions are capped at three.
Previously, accounts with a minimum average monthly balance (ABM) of ₹ 25,000 were offered unlimited transactions at SBI's group ATMs but the facility is now only available to customers who maintain ₹ 50,000 ABM.
The number of free transactions in metro locations, however, is capped at three.
SBI ATM Changes
For transactions beyond the free limit, SBI levies a fee ranging from ₹ 5 to 20, depending upon the type of transaction and the ATM. For non-financial transactions over the free limit, customers are charged ₹ 5 at SBI ATM and ₹ 8 at other bank ATMs in addition to the applicable GST rates.
SBI ATM Withdrawal Charges
Each cash withdrawal transaction beyond the free limit at SBI ATMs is charged ₹ 10. For extra financial transactions at other bank ATMs, SBI levies a fee of ₹ 20 per transaction. In addition to the fee, applicable GST is also charged from the customer's account.
Declined Transaction
For transactions that are declined due to insufficient balance, SBI charges ₹ 20 plus applicable GST.
Unlimited Free Transaction
Customers who maintain a monthly balance of ₹ 1 lakh or more are offered unlimited free transactions- financial and non-financial, at SBI or other bank ATMs.
For international ATM cash withdrawal, a customer has to pay ₹ 100 in addition to 3.5 per cent of the transaction amount and applicable GST charged. International transactions made via Point of Sale, are charged at 3 per cent of the transaction amount plus GST.
The bank charges a quarterly fee of ₹ 12 for SMS alters charges from Debit Card holders who maintain an average quarterly balance of ₹ 25,000.
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