Top News

highlights

• SBI ATM Charges Increase in, every cash withdrawal becomes expensive after the free limit is over

• Now you will have to pay Rs 23 (including GST) for withdrawing money from another bank’s ATM.

• Rs 11 charge on non-financial transactions like balance check and mini statement

• to certain accounts SBI ATM Charges relief from increase

• Decision taken after increase in interchange fees, impact on common customers

Why is the change in SBI ATM charge a big news?

if you State Bank of India That is, if you are a customer of State Bank of India, then SBI ATM Charges This news to is directly to your pocket. Being the largest government bank of the country, crores of account holders of SBI use ATM services daily. ATM is considered the easiest option to avoid long queues in the bank, but now SBI ATM Charges The changes may put additional burden on customers withdrawing cash frequently.

Recently SBI has increased the ATM transaction fees after the free transaction limit is over. This will have a direct impact on those customers who use ATM more than the prescribed limit in a month.

What has changed in the new rules? (Complete mathematics of SBI ATM charges)

New charges on cash withdrawal

After the free limit is over:

That means every time you withdraw cash SBI ATM Charges Will have to pay more than before.

Non-financial transactions are expensive

Now on to non-financial transactions like balance enquiry, mini statement:

Earlier, where many customers used to check their balance frequently, now SBI ATM Charges In view of this, they will have to use ATM wisely.

On which accounts will this increased rule of SBI ATM charges not be applicable?

It is important to know that SBI ATM Charges The increase has not been implemented on all accounts. The bank has given relief to some sections:

These accounts will not be affected

• Basic Savings Bank Deposit (BSBD) Account

• SBI Debit Card holders using SBI ATM

• Kisan Credit Card (KCC) Account

For customers of these accounts SBI ATM Charges It will remain the same as before, which will provide relief to rural and limited income customers.

How many free transactions will you still get?

SBI has made it clear that:

• Savings account holders at ATMs of other banks 5 free transactions every month we will meet each other

• As soon as the free limit is over SBI ATM Charges will apply

That means the rule is not completely new, but SBI ATM Charges The amount has been increased.

What is the real reason behind increasing SBI ATM charges?

Interchange fee became the reason

According to banking sources, there has been an increase in ATM interchange fees recently. Interchange fee is the amount that one bank has to pay for using the ATM of another bank. Due to this increase in cost, SBI SBI ATM Charges Decided to change.

rising operational costs

Of ATM Machines:

• Maintenance

• cash refill

• security

• technology upgrade

All these expenses have increased. In such SBI ATM Charges By increasing the amount the bank wants to compensate its costs.

What will be the impact on common customers?

Burden on frequent ATM users

Customers who use ATM several times a month:

them now SBI ATM Charges Due to this you may have to pay more money.

Small transactions will be expensive

If you go to ATM to withdraw even Rs 500 or Rs 1000 and the free limit is over, then SBI ATM Charges Will make your withdrawals expensive.

How to avoid SBI ATM charges? (work advice)

Adopt Digital Banking

• Balance check through mobile banking app

• UPI and digital payment

• Balance information through SMS alert

in these ways SBI ATM Charges can be avoided.

Withdraw large sums at once

Instead of repeatedly withdrawing small amounts:

From this SBI ATM Charges The effect will be less.

Can SBI ATM charges increase further?

Banking experts believe that:

• If interchange fees and operational costs increase further

• Policy to promote digital transactions intensified

so in the future SBI ATM Charges Further changes are possible. However, as of now the bank has made only limited growth.

It is important to be cautious

SBI ATM Charges This change will directly affect those customers who are more dependent on ATMs. Although relief has been given to some accounts, it has now become necessary for general savings account holders to use ATM wisely. By increasing the use of digital options and planning transactions SBI ATM Charges The impact can be reduced to a great extent.