The largest public sector lender, SBI, announced its revised service charges on ATM withdrawals and other banking activities today. As per the revision, SBI will charge an amount of Rs. 25 on ATM withdrawals done through its mobile wallet app, SBI Bank Buddy. The new service charges of SBI will be effective from June 1, 2017. However, the bank will issue its RuPay Classic Card free of cost.
Listed below are the revised service charges of SBI on various banking activities:
Revised service charges on IMPS Fund Transfer Charges through UPI/USSD/ INB/MB:
|Upto Rs. 1 lakh||Rs. 5 + service tax|
|Rs. 1 lakh above and upto Rs. 2 lakhs||Rs. 15 + service tax|
|Rs. 2 lakhs above and upto Rs. 5 lakhs||Rs. 25 + service tax|
New service charges for exchange of Soiled or Imperfect Notes
|Upto 20 pieces and/or value of Rs.5,000||Nil|
|More than 20 pieces and / or value more than Rs.5,000||Rs.2/ per piece and Rs. 5 for per 1000 + service charge.|
New service charges for issuing cheque books for Basic Savings Bank Deposit accounts:
|Cheque book with 10 leafs||Rs. 30 + service tax|
|Cheque book with 25 leafs||Rs. 75 + service tax|
|Cheque book with 50 leafs||Rs. 150 + service tax|
Revised ATM withdrawal charges:
Customers can make four withdrawals in a month without paying any charges. After that, SBI will charge the following charges :
|After 4 withdrawals at branch||Rs 50/+ service tax per transaction.|
|Withdrawals done at ATMs of other banks||Rs. 20/+ service tax per transaction.|
|Withdrawals at SBI Bank ATMs||Rs. 10/+ service tax per transaction.|
New service charges for State Bank Buddy:
The following services charges will be applicable for State Bank Buddy Wallet customers only.
|Cash withdrawal from wallet through ATMs.||Rs. 25/ per transaction|
|Cash deposit upto Rs.10000 into wallet done via business correspondent.||0.25% of the txn value/ minimum of Rs. 2 and maximum of Rs. 8 + service tax|
|Cash withdrawal up to Rs.2000 from wallet through business correspondent.||2.50 % of the txn value/ minimum of Rs. 6 + service tax.|
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