Big blow to SBI customers! Now if you withdraw cash from ATM, your pocket will be cut more, salary class people must read this news

The country’s largest government bank, State Bank of India (SBI) has given a big shock to crores of customers. If you are also a customer of SBI and often use ATM, then now you may have to loosen your pocket more. The bank has increased the service charges related to cash withdrawal from ATM and other transactions. This decision will be heavy on those people who use ATMs of other banks even after the free limit of the bank is over.

Why did it become expensive to withdraw money from ATM?

According to the information given by SBI, the interchange fees charged on ATM and ADWM have increased. Interchange fee is the fee that one bank pays to another bank when its customer withdraws money from another bank’s ATM. Now the bank has put the burden of these increased fees directly on the shoulders of the customers, due to which the service charges have become expensive.

What will be the impact on general account holders?

It is a matter of relief for those having a common savings account that there has been no change in the number of free transactions. You will be able to do 5 free transactions in a month like before. However, the real game will start after this limit is over. Now after 5 free transactions, if you withdraw cash from any other bank’s ATM, you will have to pay Rs 23 + GST. Earlier this charge was Rs 21. Not only this, for non-financial work like checking balance or mini statement, now you will have to pay Rs 11 + GST ​​instead of Rs 10.

Tension increased for salary account holders

Those having salary accounts have suffered the most in this entire change. Till now, SBI salary package customers used to get the facility of unlimited free transactions at ATMs of other banks also. But now this facility has been taken away. According to the new rules, salary account holders will get only 10 free transactions (including cash and balance check) in a month. After this, increased charges will also be collected from them.

Who got the relief and how to avoid extra charges?

However, the bank has kept those having Basic Savings Bank Deposit (BSBD) accounts away from this increase, there is no change in the rules for them. Apart from this, if you use SBI ATM only with SBI ATM card, the old rules will remain applicable. According to experts, the best way to avoid this extra charge is to keep an eye on your free limit and try to do as many transactions as possible through SBI’s own ATMs.