SBI ATM free transaction limit 2018: These customers can do UNLIMITED free transactions

SBI ATM cash withdrawal: Are you a SBI account holder? Here is a good news for you. You were able to do free transactions at ATMs for only 8-10 times in a month.

SBI ATM free transaction limit 2018: These customers can do UNLIMITED free transactions
On October 31, SBI had decreased the daily cash withdrawal limit on classic and Maestro debit cards to Rs 20,000. Image source: PTI
Written By: ZeeBiz WebTeam
Updated: Mon, Dec 03, 2018
05:36 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
SBI SME Gold Loan: Get this SBI business loan up to RS 50 lakh at 'attractive' rate without any financial document SBI SME Gold Loan: Get this SBI business loan up to RS 50 lakh at 'attractive' rate without any financial document
Money earning scheme: This SBI plan will give you more than Rs 81,000 interest Money earning scheme: This SBI plan will give you more than Rs 81,000 interest
SBI Special Senior Citizen Scheme: GREAT RELIEF! State Bank of India makes retirement merrier for pensioners; check details at sbi.co.in SBI Special Senior Citizen Scheme: GREAT RELIEF! State Bank of India makes retirement merrier for pensioners; check details at sbi.co.in
SBI RD Calculator: Your Rs 1000 monthly savings can become Rs 1.59 lakh; check interest rate, penalty, other details at sbi.co.in SBI RD Calculator: Your Rs 1000 monthly savings can become Rs 1.59 lakh; check interest rate, penalty, other details at sbi.co.in
SBI: Forget Fixed Deposit (FD), PPF, EPF, post office schemes! This State Bank of India plan has delivered more than 22% return in last 5-years SBI: Forget Fixed Deposit (FD), PPF, EPF, post office schemes! This State Bank of India plan has delivered more than 22% return in last 5-years

SBI ATM cash withdrawal: SBI account holder? Here is a good news for you. You were able to do free transactions at ATMs for only 8-10 times in a month. However, by maintaining a certain minimum balance (check below), you can do unlimited transactions at SBI ATMs and even at other bank ATMs. As per a direction by the Reserve Bank of India (RBI), banks have to provide a certain number of free ATM transactions to customers. 

SBI customers need to maintain a certain average monthly balance in their account for unlimited transactions. Such customers can do unlimited free transactions at SBI group ATMs and other banks. The bank provides up to 10 free transactions at SBI group ATMs to those customers who maintain an average monthly balance of Rs 25,000. However, there are certain terms and conditions for this. 

READ this news in Hindi

Who can do unlimited ATM transactions

Unlimited ATM transactions are allowed to customers maintaining a minimum average monthly balance of Rs 1 lakh or more. Such customers can also do unlimited transactions at other bank ATMs. Apart from these, unlimited free transactions are also allowed to salary account holders at SBI group ATMs and other bank ATMs. 

If you are a regular savings bank account holder of SBI, you can do eight free ATM transactions, including five transactions at SBI ATMs and three transactions at other bank ATMs. In non-metros, such account holders can do 10 free transactions, including five at SBI ATMs and five at others. 

If you cross the free transaction limit then the bank charged Rs 5 to Rs 20 GST.  

On October 31, SBI had decreased the daily cash withdrawal limit on classic and Maestro debit cards to Rs 20,000. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.