New Delhi: State Bank of India (SBI) customers have a big update! India’s largest lender is all set to charge you more for conducting beyond four free cash withdrawal transactions.
These transactions will include ATM or branch.
Apart from this, SBI will also charge more for availing cheque book beyond going for the threshold of free.
SBI’s rules will be applicable on Basic Savings Bank Deposit (BSBD) Accounts from July 1, 2021.
This means SBI customers have to pay more for cash withdrawal and getting cheuqe book if they go beyond the prescribed free of cost threshold, SBI said in a notification.
However, SBI Basic Savings Bank Deposit (BSBD) Account holders will not have to pay extra for Non-Financial Transactions at branch channel, and ATM.
The charge for SBI BSBD account holders is free for carrying out non-financial transactions at State Bank branch and branches and other banks.
SBI has announced a revision in service charges for Basic Savings Bank Deposit Accounts.