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| Has SBI changed the transaction rules? 173 rupees will be deducted for more than 4 ATM withdrawals! Know what the truth is. |
A message in the name of the country's largest state-owned bank State Bank of India (SBI) is going viral. The message claims that SBI has changed the rules for withdrawing money from banks and ATMs. The message claims that SBI will deduct Rs 57.5 from your bank account for every transaction made by SBI for more than 40 transactions in a year. Before you believe this viral message, you should know its truth. We are telling you the authenticity of this viral message.
Viral message in the name of SBI
A message in the name of the country's largest state-owned bank SBI is going viral that if a customer makes more than 40 transactions in a year, a total of Rs 57.5 per transaction will be deducted from his savings account. The message has raised questions on the central government and the Reserve Bank of India. Apart from bank accounts, ATM transactions are also being discussed.
CAS withdrawal will be charged more than 4 times.
Meanwhile, another message is going viral, which says that if you withdraw more than 4 times from an ATM, you will have to pay Rs 173. We inform you that both these messages are fake. PIB's fact check found both claims to be false. On examination of the facts it is clear that SBI has not changed its transaction rules. SBI allows its customers 5 free transactions per month from its bank's ATMs, while 3 free transactions are available from ATMs of other banks. Any transaction thereafter will incur a charge of Rs.21.
Bank withdrawal exemption
State Bank of India allows its customers to withdraw cash from one branch to another branch based on a specified amount. According to the information given on the SBI website, you can easily withdraw Rs.25 thousand. The limit is then fixed based on the amount received from the bank. If you trade after the specified limit, you will have to pay a fee. You must pay a fee on each transaction amount.
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