SBI Notification: As per the new SBI notification  on the website of the State Bank of India (SBI) any transaction from ATM, IMPS fund transfer, service charge from June 1 onwards will attract additional amount per transaction.

Below is the list of charges from SBI from 1st June, 2017 onwards




IMPS Fund Transfer Charges through INB/MB/UPI/USSD

Upto Rs. 1 Lac                                                         Rs. 5/- +ST

Above Rs. 1 Lac upto Rs. 2 Lacs                                Rs. 15/- +ST

Above Rs. 2 Lacs upto Rs. 5 Lacs                              Rs. 25/- +ST


Service Charges on ATM & BC

Cash out through ATM (Cash Withdrawal)                 Rs. 25/- per transaction


Cash Deposit through BC upto

INR 10000 (multiples of 100)                                    0.25% of the value (Min. Rs. 2,Max. Rs.8)+ST


Cash Withdrawal through BC

upto 2000 (multiples of 100)                                    2.50 % of the txn value (Min. Rs.6)+ ST


Service Charges for exchange of Soiled/Imperfect Notes

Upto 20 pieces and value upto Rs.5,000/-                  Nil


More than 20 pieces and or value more than Rs.5,000/-

More than 20 pieces                                                   Rs.2/- per piece on entire tender + ST


Value above Rs.5,000/-                                              Rs.2/- per piece or Rs.5/- per 1000 + ST

whichever is higher on entire tender @


@ For example 25 pieces of Rs.500/- = value Rs.12,500/- are tendered:

Charges Rs.2/- per piece : Rs.50/- + ST,

Charges @ Rs.5/- per Rs.1000/- : Rs.62.50 + ST

Amount to be charged will be Rs.62.50 + ST


Service Charges for Basic Savings Bank Deposit (BSBD) accounts


Issue of Cheque book                                                 10 Leaf Cheque Book at Rs. 30/- + ST

                                                                                25 Leaf Cheque Book at Rs. 75/- + ST

                                                                                50 Leaf Cheque Book at Rs. 150/- + ST


Issue of ATM Card                                                      Only RuPay classic card will be issued free of cost


Withdrawals                                                              Four withdrawals in a month including ATM withdrawals free of charges. Beyond 4 withdrawals  At Branch- Rs 50/- + ST per transaction.

                                                                               At other bank ATMS- Rs. 20/- + ST per transaction.

                                                                               Our Bank ATMs- Rs. 10/- + ST per transaction.

Each IMPS transfer through UPI, mobile or internet banking will be charged Rs 5 till Rs 1 lakh plus service tax, Rs 15 upto Rs 2 lakh and Rs 25 more than that. For savings bank deposit accounts, after more than 4 free cash withdrawals (either from branch and ATM), State bank of India will charge Rs 50 plus service tax for withdrawals at branches, Rs 10 per SBI ATMs and Rs 20 per other bank ATMs.

ST = Service Tax 

About The Author

Chetan Sharma is an Indian fact-checker and news writer, writing news for Ayupp since 2014.

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