Withdrawing cash from ATM will be expensive from July 1, these rules of the bank have changed

 

Withdrawing cash from ATM will be expensive from July 1, these rules of the bank have changed



SBI New Rule: State Bank of India has changed the service charge for withdrawing money from its ATMs and bank branches. According to the information given on the official website of SBI, the new charges will be applicable on chequebook, transfer and other non-financial transactions.

New Delhi: SBI ATM New Rule:  If you are also a State Bank of India customer, then pay attention. This news is of your use. Actually, SBI Bank has made changes in many of its important rules. According to information received from State Bank, these new rules will be applicable from July 1, 2021, after which using cash withdrawal and check book from ATM can prove to be costly.

CHANGE IN SERVICE CHARGE

From July 1, 2021, many rules of the country's largest bank SBI are going to change. State Bank of India has made some changes in the rules of its ATM and bank service. Under this, now the service charge for withdrawing money from ATM and bank branch has been changed. This information was given on the official website of SBI. In this, new charges will be applicable on chequebook, transfer and other non-financial transactions. According to the bank, all new service charges will be applicable to SBI Basic Savings Bank Deposit (BSBD) account holders from July 1, 2021.

WITHDRAWING CASH FROM ATM IS ALSO EXPENSIVE

SBI's BSBD customer has been given the facility to withdraw free cash four times. But after the free limit is over, the bank charges the customers. After July 1, the bank charges Rs 15 plus GST on cash withdrawals from ATMs. Due to the Corona crisis, State Bank of India has increased the cash withdrawal limit, giving relief to its account holders. Customers will be able to withdraw up to Rs 25,000 from their savings account through the withdrawal form by going to another branch and up to Rs 1 lakh can also be withdrawn by going to another branch by check.

THESE CHANGES WERE MADE IN THE SERVICE CHARGE OF STATE BANK

1. SBI BSBD account holders get 10 copies of checks in a financial year. Now the charges for a check book containing 10 checks will have to be paid. For 10 check leaves, the bank will have to pay Rs 40 plus GST.
2. For 10 leaves on emergency check book, Rs 50 and GST will have to be paid.
3. Bank will have to pay Rs 75 plus GST charge for 25 check leave.
4. Senior citizens will be exempted from new service charges on check books.
5. There will be no charge for withdrawal of money by bank BSBD account holders at home and from their own or other bank branch.



Comments

  1. UnknownJune 30, 2021 at 7:19 AM

    It's really sound good
    , but my humble request to your bank is to improve on services also to your valuable customers please 🙏

    ReplyDelete
  2. sanJuly 1, 2021 at 10:16 AM

    It is just looting , better 1st provide the service at your branches, the SBI employees act like they are good enough to wait the customer while they have the tea at the working hours.

    ReplyDelete
  3. UnknownJuly 4, 2021 at 9:05 AM

    It is really good openion bit my humble request is government is also withdraw facility provided by bank employees country can save crores together amount rather than public

    ReplyDelete

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the ...
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the I...
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5...
Read more