Cash withdrawal is the most popular service at SBI ATMs, allowing customers up to a daily limit of Rs. 40,000 (limit on the regular debit card. Higher value cards allow daily withdrawal limits of up to Rs. 1 lakh per day). The ATM also features fast cash that allows customers to withdraw their preferred amounts with a single touch. Options in denominations of 100, 200, 500, 1000, 2000, 3000, 5000, 10,000 are available, SBI said on its website. For ATMs in six metropolitan centers – Delhi, Kolkata, Mumbai, Chennai, Bengaluru and Hyderabad. For other ATMs, free transactions are limited to three. India`s largest lender, State Bank of India (SBI), provides seven types of ATMs/debit cards to its account holders. The daily cash withdrawal limit ranges from Rs 20,000 to Rs 1 lakh, depending on the variant of the card. -The OTP is a four-digit number that authenticates the user for a single transaction. On December 26, 2019, SBI announced on Twitter that this feature will apply to all SBI ATMs starting January 1, 2020.
„Introduction of OTP-based cash withdrawal system to protect you from unauthorized ATM transactions. This new security system will be applicable to all SBI ATMs from 1 January 2020. Introduction of OTP-based cash withdrawal system to protect you from unauthorized ATM transactions. This new protection system will be applicable to all SBI ATMs from 1 January 2020. For more information: t.co/nIyw5dsYZq#SBI #ATM #Transactions #SafeWithdrawals #Cash pic.twitter.com/YHoDrl0DTe 2) SBI account holders over 25,000 and up to 50,000 AMB receive 8 free transactions at other ATMs (3 in metros, 5 outside metros). SBI ATM transactions: free limit, fees and other details explained For added security, customers can also set a limit on card transactions on e-commerce platforms, POS, and ATMs for domestic and international transactions. For transactions above the free limit, SBI charges a fee of Rs 5 to Rs 20, depending on the type of transaction and ATM. For non-financial transactions above the free limit, customers will be charged Rs 5 at SBI ATMs and Rs 8 at other ATMs in addition to the applicable GST rates. SBI ATM Rules 2022: The country`s largest lender, the State Bank of India (SBI), offers three free ATMs in the metropolises of Delhi, Mumbai, Chennai, Kolkata, Hyderabad and Bangalore. However, in other locations, SBI allows its customers to transact five times without charging a fee in a month, according to information on its sbi.co.in website.
The bank has published a step with instructions for debit and credit card transactions, netbanking and UPI transactions. The rules for the withdrawal of ATMs had been revised by the SBI with effect from 1 July. Eight free transactions are allowed by SBI to its regular savings account holders to complete transactions in one month and more than eight transaction bank fees for each transaction. As more and more people use United Payments Interface (UPI) for digital transactions, the SBI document also mentions how to protect against breaches, according to a report in FE Online. SBI customers can withdraw up to a maximum of 10,000 rupees in a single ATM transaction, SBI says on its website. Any cash withdrawal transaction exceeding the free limit at SBI ATM will be charged at Rs 10 plus GST. For transactions at other ATMs, SBI charges a fee of Rs 20 plus GST per transaction. It is wise not to conduct Netbanking transactions in public places via open Wi-Fi networks so hackers don`t have access to the user ID and password of the account, SBI said. Customers can also use the ATM to generate a PIN for new debit cards and change their PIN. Apart from that, customers can use the ATM to inquire about their bank account balance, the bank said. For secure debit and credit card transactions, SBI asked its customers to understand the automated teller machine and point-of-sale (POS) environment.
However, the number of free transactions in metropolitan locations is limited to three. 8) The bank will charge a fee of ₹20 plus GST for rejecting the transaction due to insufficient funds.
