Now Reading: SBI to charge Rs 15 for extra cash withdrawals from October 2026
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SBI to charge Rs 15 for extra cash withdrawals from October 2026
State Bank of India has revised cash withdrawal rules for Basic Savings Bank Deposit (BSBD) accounts. From October 1, 2026, account holders will get four free in-branch cash withdrawals per month. Every additional withdrawal will attract a fee of Rs 15 plus GST per transaction.
The new charges apply only to BSBD account holders, not all SBI customers. Under the previous rules, the four free withdrawals covered both SBI ATMs and other bank ATMs. Now the four free transactions apply specifically to branch withdrawals. ATM withdrawals and digital transactions like UPI and NEFT remain unaffected for now, but once the four free limit is exhausted, any cash withdrawal, including from ATMs, will incur the Rs 15 plus GST fee.
Indian Opinion Analysis
Both news.abplive.com and Livemint report the same SBI rule change in a neutral, factual manner with no political or ideological slant. Neither outlet criticises or praises the bank's decision. The coverage is uniform straight reporting, sticking to the fee structure, effective date, and scope of the rule. A careful reader should note that the four free withdrawals now apply only to branch visits, which is a tightening from the earlier rule that included ATM withdrawals. The change is still over a year away, giving account holders time to adjust. Watch whether other banks follow SBI's lead on BSBD account charges.
Coverage: 2 sources, 2 neutral
Sources (2): news.abplive.com (neutral report), livemint.com (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
