SBI New Rules For ATM Cash WITHDRAWAL, CASH DEPOSIT : State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. Are You Searching SBI New Rules From 1ST APRIL 2017 . Check Below article New | Updated | latest SBI New rules for Minimum Balance for Account Holders.
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SBI NEW RULES FOR MINIMUM BALANCE :
Failure to maintain a minimum balance amount in your account quarterly will attract a fine. For instance, for accounts held in metros branches, the balance required is Rs 5,000. If the amount falls below Rs 3,750 (or 75 percent), the penalty is Rs 100 plus service tax. If the amount falls to Rs 2,500, the bank will charge Rs 50 plus service tax. The charges and minimum account balance vary across metro, urban, semi-urban and rural areas. Rural branches attract the least.
STATE BANK RULES FOR ATM WITHDRAWAL :
Withdrawal of cash from ATMs will attract a charge of up to Rs 20 if the number of transactions exceeds three time. Other bank’s ATMs in a month and Rs 10 for more than five withdrawals from SBI ATMs.
There’s some respite for account holder who have a balance of more than Rs 25,000. The bank will not levy any charge on withdrawals from its own ATMs on such accounts. And if your balance exceeds Rs 1 lakh, transactions from other banks’ ATMs will not be charged.
ATM withdrawal Charges for ATM – New SBI Rules and Regulations
| Average Monthly Balance | Same branch ATMs | Other Bank ATMs (metro) | Other Bank ATMs (non-metro) |
| Less than Rs.1000 | 5 | 3 | 5 |
| More than Rs.1000 to Rs.25,000 | 5 | 3 | 5 |
| More than Rs.25,000 to Rs.50,000 | no limit | 3 | 5 |
| More than Rs.50,000 to Rs.1,00,000 | no limit | 3 | 5 |
| More than Rs.1,00,000 | no limit | no limit | no limit |
OTHER NEW SBI RULES
- Even SMS alerts will not spared. For accounts holding quarterly balance of Rs 25,000 or less, SMS alerts will be charged Rs 15 per quarter.
- There will be no charge for UPI/ USSD transactions of up to Rs 1,000. Beyond Rs 1,000, there are charge
- Savings bank account holders will permitted to deposit cash three times a month free of cost. Apart from this, Rs. 50 + service tax will be applicable for every other (Extra) transaction.
- For the current account holders, the cash transaction charges will be levied up to Rs.20,000/-.
- If the customers fail to maintain Monthly Average Balance (MAB) in accounts, then 50 to Rs 100 plus service tax per month will be applicable. The description of charges is given below.
- In metropolitan cities, if the amount is below 75% of the Monthly Average Balance (MAB) then Rs 100 plus service tax will be levied. If the amount is 50 percent or less of the MAB then Rs 50 plus service tax will be levied.
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