New revised service charges have been released by the State Bank of India. These charges will be effective from 1st of June for ATM withdrawals for its mobile app SBI Mobile Buddy, cash and online transactions.
Customers will be charged Rs. 25 for every withdrawal from an ATM using the SBI Mobile Buddy app. For basic savings bank deposit accounts will be charged Rs. 50 plus service tax after first four withdrawals and Rs. 20 plus service tax at other bank ATMs, Rs. 10 plus service tax for SBI ATMs.
Normal savings bank accounts will continue to have free eight ATM transactions in metro cities and 10 free transactions in non metro cities.
For IMPS fund transfer through internet banking, UPI, IUSSD will levy a charge of Rs. 5 plus service tax for amounts of up to Rs. 1 lakh. Amounts above Rs. 1 lakh and below Rs. 2 lakhs will be charged Rs. 15 plus service tax and above Rs. 2 lakhs up to Rs. 5 lakhs will be charged Rs. 25 plus service tax.
Cash deposit via banking correspondent up to Rs. 10,000 will be charged 0.25% of the value with a minimum of Rs. 2 and maximum of Rs. 8 plus service tax. For cash withdrawal via banking correspondent up to Rs. 20,000 will be charged 2.50% of the value with a minimum of Rs. 6 plus service tax.
Apart from transaction charges, SBI will issue only RuPay classic cards for free.
Cheque books will also be charged, Rs. 30 plus service tax for a 10 leaf cheque book, Rs. 75 plus service tax for a 25 leaf book, and Rs. 150 plus service tax for a 50 leaf cheque book.
Exchanging imperfect or soiled notes will also be charged, Rs. 5,000 will not have a charge neither will 20 pieces. But more than 20 pieces will levy Rs. 2 per piece plus service tax. Rs. 2 per piece or Rs. 5 per 1,000 plus service tax for amounts above Rs. 5,000.
