SBI free ATM transactions | Fusion - WeRIndia

Different banks have different ATM cash withdrawal limits. This also depends upon the card you hold.

As per the rules of the Reserve Bank of India, certain free transactions are allowed at ATMs to bank customers.

However, the country’s largest bank State Bank of India allowed free ATM transactions beyond the limit to some of their customers.

Here are some important things to know about ATM transactions or cash withdrawals at SBI ATMs:

• SBI customers are allowed for 5 free transactions at SBI ATMs, and 3 free transactions at 3 other bank ATMs i.e. a total of 8 free ATM transactions are allowed per month in metro cities. The customers in non-metro cities are allowed for a total of 10 free ATM transactions, 5 transactions at SBI and Group ATMs and 5 at other bank ATMs.
• As you might have known that, SBI reduced the daily cash withdrawal limit for those who hold Maestro or Classic card to ₹20,000 from ₹40,000 with effect from October 31, 2018.
• SBI charges a fee ranging from ₹5 to ₹20 per transaction plus GST on the transactions beyond the prescribed limit.
• However, the salary account holders of SBI can perform unlimited ATM transaction at State Bank Group ATMs as well as other bank ATMs. This is irrespective of their monthly average balance.
• If the SBI customers maintain an average monthly balance of up to ₹25,000, they will be allowed for 10 free transactions at State Bank Group ATMs subject to fulfilling the specific conditions of the bank.
• The SBI customers who have maintained an average monthly balance of more than ₹1 lakh in the last month can enjoy unlimited transactions at other bank ATMs as well.

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