All You Need To Know About State Bank Of India ATM Transaction Limits And Charges

State Bank of India (SBI) allows its savings account holders unlimited free-of-cost transactions at ATMs under certain conditions. Individuals holding savings accounts at SBI with a monthly average balance (MAB) above Rs 25,000 are allowed unlimited ATM transactions at the bank's group ATMs, according to the bank'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. (Also read: What latest changes in SBI interest rates mean for you | Cash withdrawal limit, transaction applicable to SBI ATM cards explained).Here's all you need to know about State Bank of India (SBI)'s ATM transaction limits, and charges applicable to any transactions above the permitted number of free ATM transactions in a month:.SBI limit for free ATM transactions in a month.SBI 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..(Also read: SBI ATM charges - Key points to know about SBI ATM-cum-debit cards).Also, savings 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..(Also read: SBI Tax Savings Scheme - tenure, interest rate and other important details).SBI ATM transaction charges above the prescribed limit.(Also read: SBI loan against shares - all you need to know).Charges Branch Internet/mobile banking ATMs of other banks SBI group ATMs In metro centres Other centres In metro centres Other centres For financial transactions beyond set limit (Rs per transaction) 50 + GST 5 + GST 20 + GST 20 + GST 10 + GST For non-financial transactions beyond set limit (Rs per transaction) - - 8 + GST 8 + GST 5 + GST (Source: sbi.co.in) .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 non-financial transaction, according to the SBI website. .(Also read: A comparison of SBI interest rates on term deposits).Any financial transactions in 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.

All You Need To Know About State Bank Of India ATM Transaction Limits And Charges

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