New Delhi: The State Bank of India (SBI) will charge the customers after 4 ATM transactions while charges would also be levied for exchange of old and sullied notes above Rs 5,000.
The revision in service charges, additions and modifications will come into effect from June 1, 2017.
A new circular placed by SBI states that four withdrawals in a month including ATM withdrawals will be free of charges.
However, beyond 4 withdrawals you will have to pay the following charges
At Branch: Rs 50 + Service Tax per transaction
At other bank ATMS: Rs 20 + Service Tax per transaction
SBI ATMs: Rs 10 + Service Tax per transaction
Here are the service charges for exchange of soiled/imperfect notes
| Value of Notes | New Charges |
| Upto 20 pieces and value upto Rs.5,000/ | Nil |
| More than 20 pieces and or value more than Rs 5,000 | Rs 2 per piece on entire tender + ST (Service Tax) |
| Value above Rs 5,000 | Rs 2 per piece or Rs 5 per 1000 + ST whichever is higher on entire tender @ |
@ For example 25 pieces of Rs500 = value Rs 12,500 are tendered.
Charges Rs 2 per piece: Rs 50 + ST, Charges Rs 5 per Rs 1000: Rs 62.50 + ST
Amount to be charged will be Rs.62.50 + ST
IMPS Fund Transfer Charges through INB/MB/UPI/USSD
| Fund value | Charges |
| Upto Rs 1 Lakh | Rs 5 +ST |
| Above Rs 1 Lakh upto Rs 2 Lakh | Rs 15 +ST |
| Above Rs 2 Lakh upto Rs 5 Lakh | Rs 25 +ST |
Issue of Cheque book
10 Leaf Cheque Book at Rs 30 + ST
25 Leaf Cheque Book at Rs 75 + ST
50 Leaf Cheque Book at Rs 150 + ST
Shocking! You will have to pay more than Rs 50 on cash withdrawal from SBI
