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ATM Charges Levied By SBI, Post Office For Cash Transactions

ATM rules: Customers are charged for transactions at ATMs over and above the permitted number of free transactions.

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ATM Charges Levied By SBI, Post Office For Cash Transactions

SBI also charge customers for issuance and annual maintenance of an ATM-cum-debit card.


Top lenders and post offices (which also provide banking services) across the country offer ATM-cum-debit cards but levy certain usage charges. Customers are charged for transactions at ATMs over and above the permitted number of free transactions. The ATM card charges apply depending on the type - whether it belongs to the same bank or post office where the customer's account is located or some other bank or post office - and nature of ATM - whether the ATM is located in a metropolitan or any other city in the country. State-run State Bank of India (SBI) also charge customers for issuance and annual maintenance of an ATM-cum-debit card.

Given below is a comparison of various types of ATM-cum-debit card charges levied by SBI and post office:

State Bank of India (SBI)

Here are the various charges of SBI's ATM cards as stated on bank's website - sbi.co.in:

Debit Card Issuance ChargesNormal (Classic/Global)Nil
Gold Debit Card100/- (including tax)
Platinum Debit Card306/- (including tax)
Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards)Classic Debit Card100/- plus tax
Silver/Global /Yuva /Gold Debit Card150/- plus tax
Platinum Debit Card200/- plus tax
Pride/Premium Business Debit Card300/- plus tax
Debit Card Replacement ChargesRs.204/- (including tax) 
Duplicate PIN/ Regeneration of PINRs.51/- (including tax) 
Domestic Transaction ChargesTransactions at State Bank Group ATMsFree
Other Bank ATMs - Up to 5 Transactions during a calendar month (for savings bank account only)Free
Other Bank ATMs – Beyond 5 transactions(in Savings account) AND other than savings account: 
Financial Transaction:17/- (including tax)
Non-Financial Transaction6/- (including tax)

 

Post office

Here are the various charges of Post office's ATM cards as stated on India Post's website - indiapost.gov.in:

India Post (post office) ATM transaction limits/charges
Daily ATM cash withdrawal limitRs 25,000
Cash withdrawal limit per transactionRs 10,000
Charges for transactions done at DOP ATMsFree (Both Financial & Non Financial) with a limit of 5 Financial transactions per day
Permissible free transactions at other Bank ATMs (per month)

Metro Cities - 3 free transactions (Both Financial & Non Financial)

Non Metro Cities - 5 free transactions (Both Financial & Non Financial)

Charges after exceeding permissible free transaction limit at other Bank ATMsFinancial & Non Financial Transactions - Rs 20 + Applicable GST

(As mentioned on India Post's official website)

Post office offers several types of accounts such as saving account, fixed deposit account, senior citizen savings scheme (SCSS) account and recurring deposit account. 

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