SBI Bank ATM New Rules: According to the new rules, due to lack of sufficient amount in the account of SBI customer, if the transaction fails, then penalty will have to be paid.
The rules of withdrawing cash from ATM of State Bank of India (SBI) have been changed. Due to lack of sufficient amount in the account of SBI customer, if the transaction fails, then penalty will have to be paid.
Penalty for failed transaction
According to the official website of SBI, if there is insufficient balance in the account, if the withdrawal from the ATM fails, then SBI customers will have to pay a fine.
20 rupees as penalty and GST will be charged simultaneously.
Apart from this, the bank will also charge for non-financial transactions.
ATM Transaction Limit
According to the SBI website, debit card holders of SBI should know their ATM transaction limit.
If the customer makes more transactions than the prescribed limit, then he will have to pay additional fees.
For financial transactions beyond the fixed limit, a fee of 10 to 20 rupees and GST will be charged simultaneously.
SBI says that customers should have complete knowledge of the ATM withdrawal rules of the bank. So that it can avoid paying extra fees.
SBI Savings Account Holder has the facility of 8 free transactions in a month. This includes transactions of 5 SBI ATMs and 3 other bank ATMs.
In non-metro cities, 10 free ATM transactions are available, out of which 5 transactions can be done from SBI ATMs, while 5 other banks are allowed to do ATMs.
OTP to withdraw Rs 10,000
SBI started OTP service on 1 January 2020.
This service is available 24 hours at all ATMs of the bank.
It is said to put OTP on ATM screen before withdrawing 10 thousand or more amount from ATM.
OTP comes on the registered mobile number of the customer.
OTP based cash withdrawal facility is currently available only at SBI ATMs.
You can take advantage of this facility between 8 am and 8 pm.
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