SBI to charge Rs 15 per cash withdrawal beyond four free monthly transactions

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State Bank of India has revised its cash withdrawal policy, effective October 1, introducing a fee for Basic Savings Bank Deposit account holders. Customers will be allowed four free cash withdrawals per month, after which a charge of Rs 15 plus GST will apply. Transactions made through the Aadhaar Enabled Payment System will now be counted toward the free withdrawal limit. Digital transactions, however, will continue to remain free of charge. The policy change comes alongside other recent revisions at SBI, including updated interest rates on bulk term deposits.

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