If your bank account is in SBI, you should read the news carefully. SBI has made several changes to its rules this week. These include rules on withdrawal, deposit, minimum balance, SMS charge from ATMs. You should understand these carefully, otherwise it may cost.
New Delhi: If your bank account is in SBI, you should read the news carefully. SBI has made several changes to its rules this week. These include rules on withdrawal, deposit, minimum balance, SMS charge from ATMs. You should understand these carefully, otherwise it may cost. Let’s tell you what the changes are
Makeover No. 1
SBI has changed its ATM Withdrawal Rules from July 1. If these rules are not followed, customers will be fined. As per the information provided on sbi’s official website sbi.co.in, SBI allows its regular savings account holders to transact 8 free transactions in a month from ATMs in metro cities. Customers will then be charged an additional charge of Rs 10 + GST to Rs 20 + GST on each transaction.
Makeover No. 2
SBI has exempted bank SMS charges from savings account holders. That means bank account holders will get SMS alerts for free
Makeover No. 3
SBI has also changed the rules for withdrawal of cash from ATMs for over Rs 10,000. Now if you withdraw more than Rs 10,000 from SBI ATMs, you will need OTP. Under this facility of the bank, account holders will need OTP to withdraw cash from SBI ATMs from 8 am to 8 am. The bank’s facility will be available to the account holders only at SBI ATMs. If you remove the cache from another OTHER ATM, you can remove it as comfortably as before. You will not need any OTP.
Makeover No. 4
SBI has changed the minimum balance rules for savings account holders. No charge will be charged for not maintaining minimum balance. More than 44 crore SBI savings account holders will get this facility. This will now provide zero balance facility to all savings account holders of the bank. Earlier, savings account holders in metro cities had to account for Rs 3000 as minimum amount, Rs 2000 in towns and Rs 1000 in rural areas.
Source: zeenews.india.com
