SBI ATM cash withdrawal Minimum Account Balance charges

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SBI new service charges from ATM withdrawal to minimum balance to cash deposits

SBI ATM Charges :- State Bank of India update charges for the account holders . service charges from 1 October 2019. While the charges for some of the services will remain the same as before, there are a few other services where the charges have actually been revised downwards. For those finding it hard to maintain Monthly Average Balance (MAB), there’s good news that the limit for MAB has been cut to nearly 80 per cent.

Making fund transfer through NEFT/RTGS mode has been made lucrative, cash withdrawal charges at the bank branch have revised for all Caustomer …!!!

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SBI Service Charges

SBI customers are supposed to maintain an average monthly balance, depending upon the specific branch
For RTGS transfer between ₹2 lakh to ₹5 lakh, SBI will charge ₹20 plus GST

Non-maintenance of average monthly balance (AMB)

State Bank of India has categorised accounts into three categories :-

metro
urban centre branches,
semi-urban centre branches and
rural centre branches

Depending upon the category of branches, SBI allows AMB and failing to maintain the amount, the bank charges a certain amount of fine. Under the revised rule, if someone does not maintain ₹3,000 as AMB in metro and urban centre branches, and falls short by 50 per cent, the individual will be charged ₹10 plus GST. If the account holder falls short by more than 50-75 per cent, it will invite a fine of ₹12 plus GST. If the account holder falls short by more than 75 percent, it will invite a fine of ₹15 plus GST.

Metro & Urban Centre branches

AMB of ₹3000
Shortfall <=50% ₹10 +GST
Shortfall >50 –75% ₹12 +GST
Shortfall > 75% ₹15 +GST

In semi-urban branches

SBI account holder needs to maintain an average monthly balance of ₹2,000

Semi-Urban Centre branches

AMB of ₹2000
Shortfall <=50% ₹7.50 +GST
Shortfall >50 –75% ₹10 + GST
Shortfall > 75% ₹12+GST

rural branches

the average monthly balance is ₹1,000

Rural Centre branches

AMB of ₹1000
Shortfall <=50% ₹5 +GST
Shortfall >50 –75% Rs7.50 +GST

SBI Minimum Account Balance charges

Free monthly cash withdrawal from SBI branches

Average Monthly Balance (AMB) in Savings Bank

Upto ₹25,000: ₹2 plus GST
Above ₹25,000 upto ₹50,000: ₹10 plus GST

Above ₹50,000 upto 1,00,000: ₹15 plus GST
Above ₹1,00,000: Unlimited transaction

NEFT and RTGS charges

RTGS and National Electronic Fund Transfer (NEFT) transactions through digital means are free, fees is imposed at branches.

NEFT transaction at branches :-

NEFT transactions upto ₹10,000, SBI charges ₹2 plus GST from its customers. NEFT transactions above ₹10,000 and upto ₹1 lakh will be charged ₹4 plus GST. Above ₹1 lakh and upto ₹2 lakh transactions, SBI charges ₹12 plus GST and for above ₹2 lakh transactions, the bank charges ₹20 plus GST
Upto ₹10,000 – ₹2 + GST
Above ₹10,000 and upto ₹1 lakh – ₹4 + GST
Above ₹1 lakh and upto ₹2 lakh – ₹12 + GST
Above ₹2 lakh – ₹20 + GST

RTGS transaction at branches

RTGS transfer between ₹2 lakh to ₹5 lakh, a customer must pay ₹20 plus GST. RTGS transfer above ₹5 lakh will be charged ₹40 plus GST.
₹2 lakh to ₹5 lakh ₹20 +GST
Above ₹5 lakh ₹40 +GST

Cash deposit transactions

SBI allows 3 free cash deposit transactions in a month. Beyond these 3 transactions in a month (excluding alternate channel transactions), the bank will charge ₹50 plus GST per transaction

Cash withdrawals

SBI account holder maintaining average monthly balance up to ₹25,000 will be allowed two free cash withdrawals at bank branches.

SBI account holder with average monthly balance above ₹25,000 and up to ₹50,000 will get 10 free cash withdrawals and Above ₹50,000 and up to ₹1,00,000 in their account will be allowed 15 free cash withdrawals at bank branches. If the average monthly balance in your account is above ₹1,00,000, the account holder can do unlimited number of free cash withdrawals.

Up to ₹25,000 – 2
Above ₹25,000 up to ₹50,000 – 10
Above ₹50,000 and up to ₹1,00,000 – 15
Above ₹1,00,000 – Unlimited
Charges for transactions beyond the free limit ( ₹per transaction) ₹50 + GST

Daily Cash Withdrawal & Transaction Limit

SBI Gold International Debit Card Domestic
Daily Cash Limit at ATMs Minimum Rs. 100/-
Maximum Rs. 50,000/-
Daily Point of Sales/ Online Transaction Limit Minimum No such limit
Maximum Rs. 2,00,000/

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