From July 1, the bank’s ATM is going to change the cash withdrawal rules. This is because the rules were relaxed at the time of lockdown for cash withdrawals from ATMs. Let me inform you that the exemption was announced for a period of three months, which expires on June 30, 2020. If there is no new announcement on the rules, the old ATM withdrawal rules will be restored. The old rules are going to be implemented again. ATM withdrawal rules vary from one bank to another. Therefore, bank customers should contact the bank customer care number of their home branch and find out the rules in this regard.
SBI Bank ATM Cash Withdrawal Rules:
During the lockdown due to the corona epidemic, India’s largest lender, State Bank of India, had earlier waived service charges for all ATM transactions made at SBI ATMs and other bank ATMs. “Because of the announcement made by the Finance Minister on March 24, the State Bank of India has decided to waive off all ATM transactions made at SBI ATMs and other bank ATMs by June 30 if the free number of transactions exceeds the number of transactions,” SBI’s official website said.’
As per the information available on the official website sbi.co.in of State Bank of India (SBI), in metro cities, SBI allows its regular savings account holders to transact 8 free transactions in a month. In addition, customers are charged on each transaction. SBI allows its regular savings account holders to make 8 free transactions in a month. Of these, 5 transactions can be from SBI ATMs, and the remaining 3 transactions can be free from other ATMs. There are 10 free ATM transactions in non-metro cities, with 5-5 transactions that can be made from SBI and other banks. This is followed by Rs 20 + GST for cash transactions and Rs 8 + GST for non-cash transactions.
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