SBI Cash Withdrawals To Get Costlier After 4 Free Uses. All You Need To Know

Starting October 1, 2026, State Bank of India (SBI) will charge more for cash withdrawals after four free uses. 

If you hold a Basic Savings Bank Deposit (BSBD) account, you still get four free withdrawals every month. Nothing changes there. But once you cross that line, every withdrawal after the fourth will cost you Rs 15, plus GST. Earlier, the public lender used to charge Rs 8.

"Customers are requested to take note that all digital transactions will continue to be free without any restrictions," the SBI notification added.

The new rule applies specifically to the branch channel of Basic Savings Deposit Accounts. Non-financial transactions and fund transfers remain untouched. This is strictly about cash withdrawals.

SBI hasn't framed this as a big overhaul. On paper, it's a "revision" of service charges. Speaking on the development, CA Kalpana Singh told NDTV, "For someone stretching a tight monthly budget, an extra Rs 15 plus GST, multiplied over a few transactions, adds up quicker than it sounds. Therefore, BSBD account holders should track their transactions to avoid charges."

Notably, BSBD accounts are designed for individuals who don't want to maintain a minimum balance, often first-time bank users, low-income households, or those relying on basic banking access. For them, four transactions can vanish fast, especially with rent, groceries, and daily expenses pulling cash out in small chunks.