InvestorQ : When will the ATM withdrawal rule stand withdrawn? What are the withdrawal rules for SBI?
simran Kaur made post

When will the ATM withdrawal rule stand withdrawn? What are the withdrawal rules for SBI?

Answer
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nishi Shah answered.
3 months ago


In absence of any latest announcement, the ATM withdrawal rules announced during the lockdown period shall stand withdrawn from 30 June 2020 and the rules which were originally applicable shall be in force from July 1. All banks have their own withdrawal rules, SBI withdrawal rules are:

  • In a month total of 8 transactions are allowed for SBI’s regular savings bank account holders in metro cities. 5 transactions are from SBI ATMs and 3 from ATMs of other banks.
  • After 8 transactions, customers are charged on every transaction.
  • 10 free transactions are allowed to account holders in non-metro cities, 5 from SBI’s ATM, and 5 from other banks.
  • Rs 20 + GST shall be levied on each transaction above the limit.
  • Non-cash transactions shall be charged at Rs.8 + GST.