SBI Changes Withdrawal Rules: Exceed 4 Cash Transactions, Pay Extra From October
What Happened
SBI has revised cash withdrawal rules for Basic Savings Bank Deposit (BSBD) account holders. Starting October 1, 2026, customers will continue to get four free cash withdrawals per month, but every withdrawal beyond that limit will attract a charge of ₹15 plus GST per transaction.
Key Takeaways
Consumers may end up paying more for routine cash withdrawals, and SBI's move could set a precedent for other banks to tighten free transaction limits and increase service charges.