Economy
SBI Revises Basic Savings Account Charges Effective October 1
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THE BRIEF
1
State Bank of India will charge ₹15 plus GST for every cash withdrawal exceeding the monthly limit of four free transactions, effective October 1, 2026.
2
The revised policy now includes digital transactions in the monthly count of four free withdrawals, a change from the previous rule that excluded them.
3
Basic Savings Bank Deposit account holders remain exempt from minimum balance requirements and receive free issuance of a basic RuPay ATM-cum-debit card.