The largest lender
State Bank of India (SBI) has revised service charges for cash withdrawals from its ATMs and bank branches with effect from July 01, 2021.
SBI will levy services charges between Rs15-Rs75 for the additional value-added services on basic savings bank deposit (BSBD) accounts. Only four cash withdrawals are free in a month on the BSBD account. The service charges are imposed beyond four withdrawals.
The lender will charge Rs15 plus GST (goods and services tax) per cash withdrawal for transactions carried at the bank branches, ATM or from other banks. The fee will be levied after four transactions in a month.
Further, the BSBD account holders will also have to pay charges on cheque book beyond 10 leaves in a year. Notably, non-financial and transfer transactions will be free of charges on the BSBD account.
However, senior citizens will be exempted from chequebook services.
On Sensex, SBI finished at Rs419.25 per piece down by 0.5%.