Mumbai: State bank of India (SBI) has announced another revision in service charges with effect from June 1, 2017. All cash withdrawals through ATM will be levied at Rs 25 per transaction. Only RuPay classic card will be issued for free.
A day after revising the service charge on various cash transaction, State Bank of India (SBI) on Thursday clarified that these charges are applicable only for State Bank Buddy Customers.
Clarifying to it, the bank today said that, “Cash out at ATM: The transaction is cash withdrawal from State Bank Buddy using ATM. Rs 25 per transaction is charged for withdrawing from State Bank Buddy through ATMs. Charges are applicable only for State Bank Buddy using ATM (This is applicable only for State Bank Buddy Customer).”
Beyond four withdrawals in a month, the service charges applicable will be Rs. 50 plus service tax per transaction at branch; Rs. 20 plus service tax at other bank ATMs and Rs. 10 plus service tax for SBI ATMs.