SBI Charges ₹15 After 4 Withdrawals: Your ATM Plan?

SBI will charge ₹15 plus GST for every cash withdrawal beyond four free ones per month on basic savings accounts, starting October 1, 2026. Other banks have similar limits. Knowing the rules can save you hundreds every year.

Here's what happened: SBI will levy ₹15 plus applicable GST on every cash withdrawal beyond four free transactions per month on BSBD (Basic Savings Bank Deposit) accounts, effective October 1, 2026.. BSBD accounts — commonly held by Jan Dhan and zero-balance account holders — currently enjoy unlimited or more generous free withdrawal limits at SBI branches and ATMs.. Most other major Indian banks already cap free monthly cash withdrawals at 4–5 transactions, charging anywhere from ₹8 to ₹20 per excess withdrawal, so SBI's move aligns with industry practice..

What you should do: Check whether your SBI account is a BSBD or regular savings account — log into YONO or visit your branch, because the new charge applies only to BSBD holders.. Plan your cash withdrawals in batches so you stay within 4 free transactions monthly — use UPI or debit card for petty purchases instead of repeated ATM trips.. Compare your bank's full fee schedule on their official website or schedule of charges document — excess withdrawal fees, SMS charges, and minimum balance penalties add up silently every month..

Withdrawing from your home bank's ATM counts against your free limit just like a third-party ATM — combine both into your 4-transaction budget, not separately.