SBI clarifies ‘Rs 25 per ATM cash withdrawal only for SBI Buddy customers’
Source :News Bharati English   Date :12-May-2017

Kochi, May 12: The public outrage erupted after State Bank of India SBI announced that charges would be levied on all cash withdrawals from its ATMs from June onward. In a relief SBI reverted, clarified saying that "Rs 25 per transaction charge is applicable only for mobile wallet app SBI Buddy using ATM. This is applicable only for State Bank Buddy customers.”

SBI said that the users of SBI Buddy would be charged Rs.25 per transaction which means the charges will be levied only for the users who will carry the transactions through mobile wallet app SBI Buddy. The clarification comes after the SBI in a notification indicated that all ATM withdrawals will be charged a fee of Rs 25, which was later corrected.

The bank said that the number of free withdrawals from ATMs remained unchanged. Jan-Dhan account holders with the SBI can avail of four free withdrawals in a month from ATMs.

Normal savings bank accounts holders will continue to get eight free ATM transactions (five from SBI ATMs plus three from other bank ATMs) in metros and 10 free transactions in non-metros (five from SBI ATMs plus five from other bank ATMs).