ATM Cash Withdrawal Charges – Along with opening an account in any bank, customers are given the facility of net banking and ATM card. Account holders can withdraw cash from the ATM of any bank. If you have an account in SBI Bank and use ATM card, then this news is useful for you. Do you know how much charge is levied for withdrawing money from SBI ATM card? Let us know in detail in the news below –
Indian banks usually provide their customers the facility to do a limited number of ATM transactions every month. Banks charge a fee for withdrawing money from ATM after the limit set by them. Banks also provide the facility of unlimited ATM transactions, but for this the customers have to fulfill some conditions.
India’s largest bank, State Bank of India, also charges these charges (SBI ATM Transaction Charges). SBI’s charges also depend on the nature of the transaction and the type of city. That is, the charges of metro and common cities are different. Apart from this, SBI ATM card holders may have to pay more money even if they withdraw money from another bank’s ATM using SBI ATM card.
It is important for every bank customer to know about ATM card charges. This not only saves the customer from unnecessary charges, but also, knowing the charges, one does not have to argue with the bank employees unnecessarily when the money is deducted. Today we will tell you in detail about SBI ATM charges (SBI ATM Charges Update).
SBI ATM Free Transaction
The country’s largest bank, with some conditions, provides its customers with unlimited free ATM transactions at its ATMs as well as ATMs of other banks. Customers maintaining an average monthly balance of more than Rs 25,000 in SBI savings bank account can do unlimited ATM transactions within the bank’s ATM network. At the same time, to avail this facility in ATMs of other banks, SBI customers will have to maintain a balance of Rs 1 lakh.
Customers maintaining a monthly balance of up to Rs 1 lakh in SBI account can do 3 free of cost transactions from ATMs of other banks in six metro cities of the country i.e. Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad. At the same time, six transactions can be done for free in other cities.
If an SBI bank account holder maintains a monthly balance of Rs 25,000 in his account, then he will get five free transactions in a month at SBI ATM. Those keeping more than Rs 25,000 in the account get the facility of unlimited transactions. If an SBI account holder wants to do unlimited ATM transactions in other banks, then he has to maintain a monthly average balance of Rs 1 lakh.
A fee will have to be paid after the free limit is exhausted
If a customer transacts through ATM after the limit set by SBI, he will have to pay charges. If you use the ATM of any other bank other than SBI, you will have to pay Rs 20 per financial transaction. GST will also be levied on this. Similarly, if you withdraw money or do any other transaction from SBI ATM, you will have to pay Rs 10 and GST on it.
