State Bank of India (SBI) has updated service charges for its Basic Savings Bank Deposit (BSBD) account holders. The bank has revised rules related to cash withdrawals through the branch channel. The revised rules will be effective from October 1, 2026.
Service charges for Basic Savings Bank Deposit (BSBD) accounts
From October 1, 2026, charges for cash withdrawal transactions in excess of the first four free withdrawals in a month will be Rs 15 plus GST per transaction, as per an SBI update.
Earlier, charges for transactions in excess of the first four free transactions, excluding digital transactions, was Rs 15 plus GST per transaction.
SBI posted on social media, "State Bank of India has revised the cash withdrawal charges, effective 1st October 2026, for Basic Savings Bank Deposit (BSBD) Accounts opened through Branch Channel. Four cash withdrawals in a month will continue to be free and cash withdrawal transactions beyond four in a month will attract a charge of ₹15 + GST per transaction. Customers are requested to take note that all digital transactions will continue to be free without any restriction."
