Changed rules for withdrawing money from SBI ATMs, lest you get a hefty fine

 Changed rules for withdrawing money from SBI ATMs, lest you get a hefty fine

State Bank of India (SBI) has dealt a major blow to account holders. SBI has changed the rules for withdrawing money from ATMs. According to the changed rules, account holders will now have to pay a penalty after exceeding the free transaction limit.

 Not only that, if the SBI account holder does not have a balance in the account, the ATM will also have to pay a penalty for the failed transaction. State Bank of India has facilitated 8 free transactions from ATMs in metro cities. That is, if you live in Metro City then you will not be charged for withdrawing money from ATMs 8 times a month, but if you withdraw more than this, you will have to pay a penalty.

ALSO READ :- Your phone's storage is also full soon, these tricks will work

SBI can transact from ATM only 5 times

According to the ATM withdrawal rules, SBI account holders in metro cities can only make 5 transactions from SBI ATMs and can also withdraw money from 3 other banks' ATMs. Metro cities include Mumbai, New Delhi, Chennai, Kolkata, Bangalore and Hyderabad.

 Apart from this, in note-metro cities, SBI account holders can make 10 free transactions from ATMs, out of which 5 transactions can be done from SBI's ATMs and 5 other banks' ATMs. After crossing this limit, the bank may charge you a GST charge of Rs 10 to Rs 20.

ALSO READ :- PM Kisan Samman Nidhi 2000 installment has not reached your account, no need to worry, complain like this

If the transaction fails, the SBI account holder will have to pay a penalty

According to another changed rule of SBI, if the account holder of SBI does not have money in his account, he withdraws money from the ATM in such a situation and the transaction fails, the SBI account holder will have to pay a penalty. The bank will charge a penalty of Rs 20 and GST for this. That is, if you do not have money in your account, you will be penalized for using an ATM.

If you withdraw more than 10 thousand rupees, OTP will be sent to your mobile

ALSO READ :- Coronavirus: The number of coronavirus patients in the country has crossed 26 lakh, more than 50 thousand have died

Apart from this, if you withdraw more than Rs 10,000 from an SBI ATM, an OTP will be sent to your mobile, which will be able to withdraw money only after filling in the ATM. For OTP (One Time Password) cash has to be withdrawn from SBI ATM from 8 am to 8 am. However, if you withdraw money from any other ATM, OTP will not be required.

There is good news for SBI customers

Relief No. 1- SBI has facilitated unlimited transactions to savings account holders with an average savings of over Rs 100,000 per month in a bank account. That is, if an amount of Rs 1 lakh remains in your account, you can transact through ATM at any time.

CLICK HERE TO GUJARATI 

Relief No. 2- Under the new rules of State Bank of India, customers will no longer have to pay any charge for SMS alerts. SBI has waived the charge for SMS alerts coming from account holders' accounts to registered mobile numbers.

Credit :- gstv.in