SBI Changes ATM Rules: Will You Be Charged for Every Transaction Now?
India’s largest public sector bank, the State Bank of India (SBI), has made important changes to its ATM transaction rules, raising questions among customers about possible charges for cash withdrawals and balance inquiries.
If you’re an SBI customer, here’s everything you need to know — including what’s changed, what’s still free, and how to avoid unnecessary charges.
🏦 What Are the New SBI ATM Rules?
As per the latest update, SBI has revised the number of free ATM transactions allowed per month. The changes are part of a broader effort to reduce congestion at ATMs and promote digital banking.
Here’s what’s new:
- Free Transactions (per month):
- SBI ATMs (Own Bank): Up to 5 free transactions
- Other Bank ATMs:
- Metro Cities: 3 free transactions
- Non-Metro Cities: 5 free transactions
- After Free Limit:
- ₹21 + GST per cash withdrawal
- ₹8.50 + GST for non-cash transactions (e.g., balance check, mini statement)
These changes are effective immediately, and customers should monitor their usage to avoid extra charges.
💡 What Counts as an ATM Transaction?
Both cash and non-cash transactions are counted toward your free limit. This includes:
- Cash Withdrawals
- Balance Inquiries
- Mini Statements
- PIN Changes
- Fund Transfers via ATM
So even if you’re not withdrawing cash, these actions still consume your free quota.
📱 How to Avoid ATM Charges
To stay within the free transaction limit and save on fees:
- Use SBI’s digital platforms like YONO, net banking, or mobile banking for balance checks and fund transfers
- Prefer cashless payments using UPI or debit cards
- Plan your ATM visits to avoid unnecessary transactions
⚠️ Important Note for Customers
Senior citizens and some account types (e.g., salary accounts, premium accounts) may have different or relaxed limits. Always check with your branch or the official SBI website to confirm your personal quota.
📝 Final Take
SBI’s revised ATM rules aim to reduce over-reliance on physical cash and encourage digital banking. While the number of free transactions has not drastically changed, it’s crucial for customers to be mindful of their usage to avoid extra charges.
Stay informed and use your banking options wisely to keep your hard-earned money safe from unnecessary fees.