Using Other Banks’ ATMs May Get Costlier for SBI Salary Account Customers
What Happened
SBI has announced that from October 1, 2026, Salary Package Account holders will get 5 free transactions per month at other banks’ ATMs, down from the current 10 free transactions. The revised limit covers both financial and non-financial transactions. Charges after the free limit remain unchanged at ₹23 + GST for cash withdrawals and ₹11 + GST for non-financial transactions. The change applies only to Salary Package Accounts and not to other SBI account types.
Key Takeaways
The move could increase banking costs for customers who frequently use non-SBI ATMs. While there is no indication that other banks will follow, SBI’s decision may prompt the banking industry to review similar benefits as banks seek to manage ATM network and interchange costs.