Now Reading: SBI to charge Rs 15 per cash withdrawal beyond four free transactions from Oct 1
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SBI to charge Rs 15 per cash withdrawal beyond four free transactions from Oct 1
SBI to charge Rs 15 per cash withdrawal beyond four free transactions from Oct 1
State Bank of India has revised cash withdrawal charges for Basic Savings Bank Deposit (BSBD) accounts opened through branch channel, effective 1 October 2026. Customers will get four free cash withdrawals per month, each additional withdrawal will attract a fee of Rs 15 plus applicable GST.
The bank announced the change in a public notice on X on Thursday. Times of India reports that SBI has also removed the previous exclusion for Aadhaar Enabled Payment System (AePS) transactions, meaning these will now be treated differently. Both sources confirm that all digital transactions will continue to be free without any restriction on the number of transactions.
Earlier this month, SBI revised interest rates on domestic bulk term deposits of Rs 3 crore and above, with cuts across several tenors. The bank reported a 10.23% year-on-year rise in net profit for the first quarter of FY27 to Rs 21,121 crore.
Indian Opinion Analysis
Both Indiatvnews and Times of India present the SBI fee change as a straightforward service update, with neutral-report stances. The Times of India provides additional detail on the AePS rule change and recent deposit rate revisions, offering more context but no slant. The measured takeaway: the fee applies only to BSBD branch-channel accounts, digital transactions remain free, and the change takes effect from October 1, 2026. Watch for customer complaints or clarifications from SBI as the date nears.
Coverage: 2 sources, 2 neutral
Sources (2): indiatvnews.com (neutral report), timesofindia.indiatimes.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.
