1 week ago
SBI Announces ₹15 Branch Withdrawal Charge From October 2026
SBI is changing a fee for some special savings accounts.
Starting October 1, 2026, eligible customers can make four cash withdrawals at an SBI branch each month for free.
Every branch withdrawal after the fourth will cost ₹15 plus GST.
This rule is for the Basic Savings Deposit Account operated through the branch channel.
People with regular savings accounts may have different rules.
Online and other digital transactions will still be free and will not count as cash withdrawals.
Other banks also have free withdrawal limits.
Their branch fees can be different, so customers should check their account’s schedule.
SBI will charge ₹15 plus GST for each branch cash withdrawal beyond four monthly withdrawals on eligible BSBD branch-channel accounts from October 1, 2026.
The first four SBI branch cash withdrawals each month will remain free, while digital transactions remain free and do not count toward the limit.
The revised charge applies specifically to SBI Basic Savings Deposit Account, Branch Channel, Product Code 1011-1701; regular accounts follow separate schedules.
Other banks generally charge ₹23 plus GST for financial ATM transactions beyond applicable free limits, while branch cash-handling charges vary by bank and account type.
The article says ATM charges beyond the RBI-mandated free limit are capped at ₹23 plus GST per transaction, making branch fees the main area of difference.
- Who
- State Bank of India and customers holding eligible Basic Savings Deposit Accounts operated through the branch channel.
- What
- SBI will impose a ₹15-plus-GST charge for each branch cash withdrawal beyond four in a month.
- Where
- At SBI branches for the specified BSBD Branch Channel account.
- When
- The revised charge takes effect on October 1, 2026.
- Why
- The bank is revising its cash-withdrawal charges; the change mainly affects customers making more than four monthly branch cash withdrawals.
Key facts
- Effective date
- October 1, 2026
- Affected account
- Basic Savings Deposit Account (Branch Channel), Product Code 1011-1701
- Free SBI branch withdrawals
- Four per month
- New SBI fee
- ₹15 plus applicable GST for each withdrawal beyond the fourth
- Digital transactions
- Remain free without restriction and are excluded from the four-withdrawal limit
- ATM fee cap
- ₹23 plus GST per transaction beyond the RBI-mandated free limit, effective since May 2025
- Other-bank comparison
- Branch charges vary by bank, account variant and transaction limits; customers should confirm the applicable schedule
Sources
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