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From SBI ATM to transaction fees: Here’s all want to know about the revised charges

Here's whatthe revised charges of SBI look like (Pic Courtesy: Zee News/The Logical Indian)

The country’s largest lender State Bank of India (SBI) has, again, revised its charges, which went effective on June 1. After demonetisation, SBI had announced some changes in its service charges, which were applicable from April 1. And now the bank again announced a revision in its charges as some of the customers felt that the charges that were revised back in April were too high.

SBI clarified that the RS 25 charge it announced earlier on ATM withdrawals is only applicable on its mobile app SBI Bank Buddy.

Here’s all you want to know about the current charged –

  • Only RuPay classic card will be free of cost for issue of a new ATM card.
  • A 10-leaf cheque book will now cost Rs 30 plus service tax, a 25-leaf book will cost Rs 75 plus service tax and a 50-leaf book will cost Rs 150 plus service tax.
  • There will eight free ATM transactions for all normal savings account which include 5 of SBI ATMs and three of other ATMs in metro cities. And there will be ten free transactions in non-metro cities.
SBI's revised charges (Pic Courtesy: The Logical Indian)

SBI’s revised charges (Pic Courtesy: The Logical Indian)

  • As far as exchange of bad currency notes is concerned, up to 20 pieces and value of Rs 5000 will attract no charge. More than 20 pieces will cost you Rs 2 per piece plus service tax, and for value above Rs 5000 will cost you Rs 2 per piece or Rs 5 per 1000 plus service tax.
  • Rs 5 for amounts up to Rs 1 lakh, Rs 15 for over Rs 1 lakh to Rs 2 lakh and Rs 25 for over Rs 2 lakhs to Rs 5 lakhs will be charged as far as IMPS fund transfers through UPI and other digital transactions are concerned.

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