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All You Need To Know About State Bank Of India ATM Transaction Limits And Charges

SBI ATM charges: State Bank of India charges a fee of Rs 5-Rs 50 for any transaction above the permitted number of free transactions.

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All You Need To Know About State Bank Of India ATM Transaction Limits And Charges

SBI ATM rules: SBI customers are allowed unlimited free transactions at group ATMs in some conditions


State Bank of India (SBI) allows its savings account holders unlimited free-of-cost transactions at ATMs under certain conditions. Individuals holding savings accounts at SBI with a monthly average balance (MAB) above Rs 25,000 are allowed unlimited ATM transactions at the bank's group ATMs, according to the bank's corporate website - sbi.co.in. These ATM transactions include those of financial as well as non-financial nature. Customers with a monthly average balance - which is the average of daily balances in a month - up to Rs 25,000 in the previous month are allowed up 10 transactions free of cost in a month, according to the SBI website. (Also read: What latest changes in SBI interest rates mean for you | Cash withdrawal limit, transaction applicable to SBI ATM cards explained)

Here's all you need to know about State Bank of India (SBI)'s ATM transaction limits, and charges applicable to any transactions above the permitted number of free ATM transactions in a month:

SBI limit for free ATM transactions in a month

SBI savings account holders with monthly average balances above Rs 25,000 (in the previous month) are allowed unlimited internet/mobile banking transactions free of cost every month, according to the bank's website.

(Also read: SBI ATM charges - Key points to know about SBI ATM-cum-debit cardsZero balance savings account: Interest rate and facilities offered by top banks compared here)

Also, savings bank account holders at State Bank of India with the average above Rs 1 lakh in the previous month are allowed unlimited number of free transactions in a month at SBI bank branches and ATMs of the bank as well as other banks, and through mobile/internet banking, according to the SBI website.

(Also read: SBI Tax Savings Scheme - tenure, interest rate and other important details)

SBI ATM transaction charges above the prescribed limit

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ChargesBranchInternet/mobile bankingATMs of other banksSBI group ATMs
In metro centresOther centresIn metro centresOther centres
For financial transactions beyond set limit (Rs per transaction)50 + GST5 + GST20 + GST20 + GST10 + GST
For non-financial transactions beyond set limit (Rs per transaction)--8 + GST8 + GST5 + GST
(Source: sbi.co.in)

SBI has set certain charges for any transactions above the permitted limit to customers. These charges range from Rs 5 to Rs 50 (excluding GST) for every financial transaction above the applicable threshold, and Rs 5-8 for every non-financial transaction, according to the SBI website. 

(Also read: A comparison of SBI interest rates on term deposits)

Any financial transactions in other banks' ATMs located in six metros - New Delhi, Mumbai, Kolkata, Chennai, Hyderabad and Bengaluru - above the permitted limit are charged at Rs 20 (excluding GST) per unit. Non-financial transactions are charged at Rs 8 (excluding GST) per unit, according to the SBI website.

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