INSUBCONTINENT EXCLUSIVE:
State Bank of India's basic savings account holders are issued a basic Rupay ATM-cum-debit card.The State Bank of India (SBI) revised its
rules and regulations for cash withdrawals from its ATMs, branches, as well as chequebook charges for the basic savings bank deposits (BSBD)
According to an official statement released by the country's largest lender, the new rules and regulations for the basic savings account
holders will come into effect from July 1, 2021
The basic savings bank accounts at the State Bank can be opened by providing valid KYC documents by individuals
assigned for these basic savings accounts
As there is no limit for the minimum balance in basic savings accounts, this means that the minimum balance is nil for account holders
The service charge beyond four free withdrawal will be Rs 15 plus GST per withdrawal at all SBI ATMs
The service charge levied for non-SBI bank ATMs is also Rs 15 plus GST.Cash withdrawal at State Bank of India branches:State Bank of lndia
will recover charges beyond four free cash withdrawal charges, including at an SBI branch and ATM
The basic saving account holders will pay a service charge for making more than four free cash withdrawals in one month
The new service charge will be Rs 15 plus GST per cash withdrawal transaction at an SBI branch channel or an SBI ATM.Chequebook charges for
State Bank's basic savings account holders:According to the new rules, State Bank will provide 10 cheque leaves free in a financial year
financial year to BSBD account holders
After that, Rs 40 plus GST would be charged for a 10 leaf cheque book
Rs 75 plus GST would be charged for a 25 leaf cheque book
For Emergency Cheque Book, Rs 50 plus GST would be charged for 10 leaves or part thereof
Senior citizens are exempted from the new service charge on cheque book.The bank said that there will not be any charges levied on
non-financial transactions by basic savings account holders at the SBI or non-SBI bank branches.On Tuesday, May 25, shares of State Bank of
