SBI ATM Charges Increase: If you are a customer of State Bank of India (SBI) and often withdraw cash from ATMs of other banks, then now you will have to be prepared to spend more than before. The country’s largest government bank has increased the charges for withdrawing money from non-SBI ATMs.

This can have a direct impact on the pockets of frequent ATM users. Let us know, how much impact is this going to have on your pocket?

SBI gave information

According to the bank, the interchange fees charged on ATMs and Automated Deposit cum Withdrawal Machines have increased. Due to which the bank has decided to increase the charges for this service. Interchange fee is the amount paid by one bank to another bank for ATM use.

Changed rules for salary account holders

SBI has decided to make changes for customers having salary accounts. Till now, salary account holders used to get the facility of unlimited free transactions from non-SBI ATMs. It has now been abolished.

According to the new system, salary account holders will be able to do free transactions only 10 times in a month. Which includes both withdrawing cash and getting balance information. After the fixed limit, the charge fixed by the bank will have to be paid on every transaction.

What changed for savings account holders?

No changes have been made by the bank regarding free transactions for customers having savings accounts. Like before, they will be able to do 5 free transactions from non-SBI ATMs. However, after this, you will have to pay a charge for using the ATM. There has been a change in the charges from the bank.

After reaching the limit of 5 times, you will have to pay Rs 23 + GST ​​for withdrawing cash. Earlier this charge was Rs 21. At the same time, the amount for balance check or mini statement has been fixed at Rs 11 + GST.

These customers got relief

The bank has given relief to the customers having Basic Savings Bank Deposit Account. For these customers, the old rules will be as valid as before. There has been no mention of any new charges being taken from these account holders under the new system.

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