INSUBCONTINENT EXCLUSIVE:
SBI ATM rules: Account holders are allowed unlimited free transactions at group ATMs in some conditionsSBI or State Bank of India allows its
savings account holders unlimited free-of-cost transactions at ATMs under certain conditions
the bank's group ATMs, according to the lender's corporate website - sbi.co.in
These ATM transactions include those of financial as well as non-financial nature
Customers with a monthly average balance - which is the average of daily balances in a month - up to Rs 25,000 in the previous month are
allowed up 10 transactions free of cost in a month, according to the SBI website
limit for free ATM transactions in a monthSBI savings account holders with monthly average balances above Rs 25,000 (in the previous month)
are allowed unlimited internet/mobile banking transactions free of cost every month, according to the bank's website.( SBI ATM charges -
bank account holders at State Bank of India with the average above Rs 1 lakh in the previous month are allowed unlimited number of free
transactions in a month at SBI bank branches and ATMs of the bank as well as other banks, and through mobile/internet banking, according to
the SBI website.( Zero balance savings account: Interest rate and facilities offered by top banks compared here)SBI ATM transaction charges
above the prescribed limit( A comparison of SBI interest rates on term deposits)SBI has set certain charges for any transactions above the
permitted limit to customers
These charges range from Rs 5 to Rs 50 (excluding GST) for every financial transaction above the applicable threshold, and Rs 5-8 for every
other banks' ATMs located in six metros - New Delhi, Mumbai, Kolkata, Chennai, Hyderabad and Bengaluru - above the permitted limit are
charged at Rs 20 (excluding GST) per unit
Non-financial transactions are charged at Rs 8 (excluding GST) per unit, according to the SBI website.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.
