Key lenders in the country offer the service of ATM-cum-debit cards but levy certain charges for making transactions at ATMs.
The country's largest bank, State Bank of India or SBI, also offers these facilities but allows limited number of ATM transactions free of cost every month.
The number of permitted free transactions at ATMs in a month depends on factors such as the location of ATM.
SBI also charge an amount for issuance of debit cards and its annual maintenance.
For instance, SBI charges Rs 306 for issuance of a platinum debit card.( All You Need To Know About SBI Personal Gold Loans)Debit Card Issuance ChargesNormal (Classic/Global)NilGold Debit Card100/- (including service tax)Platinum Debit Card306/- (including service tax)Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards)Classic Debit Card100/- plus service taxSilver/Global /Yuva /Gold Debit Card150/- plus service taxPlatinum Debit Card200/- plus service taxPride/Premium Business Debit Card300/- plus service taxDebit Card Replacement ChargesRs.204/- (including service tax)Duplicate PIN/ Regeneration of PINRs.51/- (including service tax)Domestic Transaction ChargesTransactions at State Bank Group ATMsFreeOther Bank ATMs - Up to 5 Transactions during a calendar month (for savings bank account only)FreeOther Bank ATMs - Beyond 5 transactions(in Savings account) AND other than savings account:Financial Transaction:17/- (including service tax)Non-Financial Transaction6/- (including service tax)(Penalty charges levied by top lenders for non-maintenance of minimum balance)Private sector lenders such as HDFC Bank, ICICI Bank also offer limited number of transactions free of cost every month.( How Latest Changes In SBI Interest Rates In Select Financial Products Impact You)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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Election results will be out on May 23.