ATM Charges For Transaction, Free Withdrawal Limit, Penalties By State Bank Of India (SBI), Post Office

SBI additionally cost prospects for issuance and annual upkeep of an ATM-cum-debit card.

Top lenders and post offices (which additionally present banking services) throughout the nation supply ATM-cum-debit playing cards however levy sure utilization expenses. Customers are charged for transactions at ATMs over and above the permitted variety of free transactions. The ATM card expenses apply relying on the kind – whether or not it belongs to the identical financial institution or post office the place the client’s account is positioned or another financial institution or publish workplace – and nature of ATM – whether or not the ATM is positioned in a metropolitan or every other metropolis within the nation. State-run State Bank of India (SBI) additionally cost prospects for issuance and annual upkeep of an ATM-cum-debit card.

Given under is a comparability of varied forms of ATM-cum-debit card expenses levied by SBI and publish workplace:

State Bank of India (SBI)

Here are the assorted expenses of SBI’s ATM cards as acknowledged on financial institution’s web site –

India Post (publish workplace) ATM transaction limits/expenses
Daily ATM money withdrawal restrict Rs 25,000
Cash withdrawal restrict per transaction Rs 10,000
Charges for transactions performed at DOP ATMs Free (Both Financial & Non Financial) with a restrict of 5 Financial transactions per day
Permissible free transactions at different Bank ATMs (per thirty days)

Metro Cities – three free transactions (Both Financial & Non Financial)

Non Metro Cities – 5 free transactions (Both Financial & Non Financial)

Charges after exceeding permissible free transaction restrict at different Bank ATMs Financial & Non Financial Transactions – Rs 20 + Applicable GST

(As talked about on India Post’s official web site)

Post office offers a number of forms of accounts equivalent to saving account, fastened deposit account, senior citizen financial savings scheme (SCSS) account and recurring deposit account. 

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