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All ATM withdrawals not chargeable: SBI

Denying reports that all withdrawals from State Bank of India (SBI) ATMs will be chargeable from June 1, the largest public lender on Thursday clarified that the charge of Rs 25 is only applicable for withdrawals from State Bank Buddy through ATMs.

“Rs 25 per transaction charge is applicable only for mobile wallet app SBI Buddy using ATM. This is applicable only for State Bank Buddy customers,” the bank said in a statement.

The clarification comes after the SBI in a notification indicated that all the ATM withdrawals will be charged a fee of Rs 25, which was later replaced with the revised notification.

“The number of free withdrawals from ATMs remains unchanged. Jan-Dhan account holders with the SBI can avail four free withdrawals in a month from ATMs,” the bank said.

Normal savings bank account holders will continue to get eight free ATM transactions (five from SBI ATMs plus three from other bank ATMs) in metros and 10 free transactions in non-metros (five from SBI ATMs plus five from other bank ATMs).

 

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