SBI Charges ₹15/Withdrawal: Is Your Account Affected?

SBI is extending cash withdrawal charges to all basic savings account holders. After 4 free withdrawals per month, every additional cash transaction at a branch or ATM will cost ₹15 plus GST. Here is what you need to know to avoid surprise deductions.

Here's what happened: SBI is extending cash withdrawal charges of ₹15 plus GST per transaction to all basic savings account customers, not just select categories.. Each account holder gets 4 free cash withdrawals per month — any withdrawal beyond that at a branch counter or SBI ATM attracts the fee.. The move is aimed at recovering fee income and nudging customers toward digital payment channels like UPI and NEFT..

What you should do: Count your monthly branch and ATM visits — if you regularly exceed 4, plan your cash withdrawals in bulk to stay within the free limit.. Switch routine payments (groceries, utilities, rent) to UPI or net banking immediately — digital transfers do not count toward the withdrawal limit.. Check your SBI account passbook or SMS alerts from the 1st of next month to confirm when the new charge kicks in for your account..

Withdrawing one larger amount once beats multiple small trips — consolidate your cash needs into a single weekly withdrawal to stay within the 4-transaction free limit every month.