SBI New ATM Charges W.E.F 1st June 2017

By | June 15, 2017

SBI New ATM Charges W.E.F 1st June 2017: As we know, State Bank of India (SBI) is one of the best banks.

Last month, the State Bank of India (SBI) has changed some of the rules related to the fee.

According to this rule, charges will be applicable to many services of State Bank of India such as cash transactions, ATM withdrawal, issue of check books, online fund transfer, Immediate Payment Service (IMPS) and exchange of soiled notes.

From 1 June 2017, charges will be imposed on all these services.

State Bank of India has made it clear to all its mobile wallet State Bank Buddy user that on June 1, 2017, every ATM Card will have to pay Rs. 25 will be charged.

Free transactions are as follows:

Savings account holders can make 8 transactions (5 times from SBI Bank ATM and 3 times from other Bank ATM) in the Metro Cities and 10 times (5 times from SBI Bank ATM and 5 times from other Bank ATMs) in non- Metro city. If any Indian State Bank customers do any transactions other than this, then they will have to pay.

The changes made to the services by the State Bank of India are as follows: (SBI New ATM Charges)

New Charges of Cash withdrawal

As per the new rule of State Bank of India, all original savings bank account holders will get free withdrawal facility only 4 times (including ATM withdrawals) in 1 month.

The additional transaction will be charged at Rs.50 and the service fee will charge from the branch of the State Bank of India and Rs.20 from the ATMs of other banks and the service charges separately.

SBI New ATM Charges

If any State Bank of India will issue ATM Card after 1 June 2017, then customers have to ATM Debit Card Fee. Only RuPay Classic Card account holder given a discount.

New Charges on Online Fund Transfer

If an SBI customer transmits an online fund transfer from 1 lakh by IMPS, then they will have to pay Rs.5 plus service on each transaction separately. And Rs.15 for service transactions between 1 to 2 lakh and service tax, Rs.25 per transaction for 2 lakh to 5 lakh and service tax.

New Charge on Cheque book

After 1 June 2017, Savings Bank account holders will also charge for issue of a new check book. These charges are as follows:

  • Rs. 30 service fee on the 10-leaf cheque book.
  • For 25-Leaf Cheque book, customer have to pay a service charge of Rs 75/
  • For 50-Leaf Cheque book, customer have to pay a service charge of Rs 150/-

Charge on exchange of soiled notes

According to the new rule of State Bank of India, if any SBI client exchanges dirty / torn notes, then customers have to pay extra charges. These charges are as follows:

  • If someone exchanges 20 dirty / torn notes whose value is up to 5,000 then it is charge-free.
  • On exchanging over 20 dirty / torn notes, you have to pay a service fee as:
    • Rs.2 on every note
    • or Rs.5 amount of each Rs.1,000.

New Charges on Cash transaction through banking correspondents

If an SBI Customer deposits upto Rs 10000/- in SBI then he will not have to pay any charges. On depositing more than this, customers has to pay 0.25% or minimum Rs. 2 and maximum Rs. 8 as service tax.

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