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SBI Customer Alert! Bank Sets New Rules for Withdrawing Money from ATM since July 1

Pronami Chetia
Pronami Chetia

Recently, the government changed the existing rules for withdrawing cash from bank ATMs which has been implemented since 1st July across the nation. If you have a debit card of SBI, it is very important to read this news. As per the government’s guidelines on unlock 2, there are few changes in withdrawing cash from ATMs. Now SBI has changed the rules for withdrawing cash from ATMs since 1st July. Let’s know about the new rules for withdrawing money from SBI ATM.

What are the new rules for withdrawing money from SBI ATM?

  • SBI account holders, whose average monthly balance is 25000, can withdraw cash from the bank branch without paying 8 times. In which 5 times money can be withdrawn from SBI ATM and 3 times from other ATMs.

Account-holders with an average balance of 25000 to 50000 can withdraw cash 10 times without charge. Account-holders with an average balance of Rs 50000 to Rs 1,00,000 can withdraw cash from the bank branch 8 times at no charge. There is no restriction for withdrawing cash from the SBI account holder who is having an average balance above Rs 1,00,000.

SBI charges 5 to 8 rupees and GST on withdrawing cash after free limit.

What are the new rules for Regular SBI Account Holders? 

According to the information available on the official website of State Bank of India (SBI) sbi.co.in, in metro cities, SBI allows its regular savings account holders to do 8 free transactions in a month. In addition, customers are charged on every transaction.SBI allows its regular savings account holders to conduct 8 free transactions in a month. These 5 transfers can be done from SBI ATMs and the remaining 3 transfers can be done free from other ATMs. There are 10 free ATM transfers in non-metro cities, in which 5-5 transactions can be done from SBI and other banks.  

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