While the first four withdrawals — including those made at ATMs — will remain free, all digital transactions will continue to be exempt from charges.
State Bank of India (SBI) has decided to revise the cash withdrawal charges for basic savings bank deposit accounts (BSBDA) opened through the branch channel with effect from October 1, 2026.
While four cash withdrawals in a month, including ATM withdrawals at own and other bank’s ATMs, cash withdrawal at branch channels will be free, withdrawals beyond this limit will attract a charge of ₹15 plus GST per transaction, the bank said in a notice to its customers.
All digital transactions will continue to be free without any restriction. All individuals having valid KYC documents are eligible to open a BSBDA, which is available at all branches and has no minimum balance requirement.
While no cheque book facility is available with these accounts, withdrawals can be done using withdrawal form at branches or through ATMs using basic Rupay ATM-cum-debit card.
“A customer cannot have any other savings bank account, if he/she has a basic savings bank deposit account. If the customer already has a savings bank account, the same will have to be closed within 30 days of opening a basic savings bank deposit account,” according to the bank.
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