State Bank of India has waived service charges for all ATM transactions made on SBI ATMs as well as other bank ATMs. This will be applicable till June 30. The announcement made on the SBI's official website said, "In view of the announcement made by Finance Minister on 24th March,
State Bank of India has decided to waive ATM charges for all ATM transactions made on SBI ATMs and other bank ATMs on account of exceeding the free number of transactions up to 30th June." 

SBI tweeted "Good news for all ATM card holders!
SBI has decided to waive the ATM Service Charges levied on account of exceeding the number of free transactions, until 30th June.#SBI #Announcement #ATM #Transactions"

It is worth mentioning that on March 24, Finance Minister Nirmala Sitharaman announced that no charges will be levied on bank customers on cash withdrawal made from any other bank's ATMs for three months i.e. up to June 30. Debit cardholders can withdraw cash from any other banks for free. The decision was taken by the Finance Minister in view of the outbreak of the Coronavirus pandemic.

The country's largest lender SBI offers eight free transactions to regular savings bank account holders, including five transactions at SBI ATMs and three at other bank ATMs.

In non-metros, such account holders get 10 free transactions, including five at SBI ATMs and five at others. Thereafter, it charges Rs 20 plus GST per financial transaction and Rs 8 plus GST for the non-financial transactions as mentioned on the bank's website. 

Previously, the bank also waived off charges for not maintaining an average monthly account balance for more than 44 crore savings accounts. These decisions made by the countries largest lender come as a relief to its customers as the country continues to stay under lockdown to restrict the spread of the COVID-19 virus. 

In addition, the bank has also made available mobile ATMs in various parts of the country to help people at a time when movement is restricted and banks are working with skeletal staff.

1 Comments

  1. Hi

    Thank you very much Finance Minister Nirmala Sitharaman ji and SbI.....

    ReplyDelete

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