Many rules are going to change for the customers of State Bank of India (SBI) from July 1, 2021. After the implementation of the new rule, the use of ATM Cash Withdrawal and Check Book will be heavy on your pocket. The new charges will be applicable for Basic Savings Account Deposit (BSBD) account holders. Let us tell you how much money you will have to spend for which services now:
so much charge increased on check book
>> SBI BSBD account holders get 10 copies of checks in a financial year. Now charges will have to be paid on the check book containing 10 checks. For 10 check leaves, the bank will charge Rs 40 plus GST.
>> For 25 check leave the bank will charge Rs 75 plus GST.
>> Emergency check book will attract Rs 50 plus GST for 10 leaves. Senior citizens will be exempted from the new service charges on check books.
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Cash withdrawal charges
SBI gives BSBD account holders the facility of four free cash withdrawal transactions. After the free limit is exhausted, the bank charges the customers. The bank charges Rs 15 plus GST for withdrawing cash from the branch or ATM.
Cash withdrawal up to Rs 1 lakh per day can be done by check
SBI recently increased the cash withdrawal limit using cheques to ₹1 lakh per day. Cash withdrawal using the Withdrawal Form with Savings Bank Passbook has been increased to ₹25,000 per day.
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Benefits of SBI BSBD Account
>> SBI Basic Savings Bank Deposit Account is for poor section.
>>Open the account without any charges or charges.
>> It is also called zero balance savings account.
>> There is no minimum or maximum balance required.
>> These account holders get an ATM-cum-debit card.