Under the revised schedule, four cash withdrawals in a month will remain free. For withdrawals beyond the first four in a month, SBI will levy a charge of ₹15 per transaction, plus applicable GST.
The revised charges apply to Basic Savings Deposit Account (Branch Channel), Product Code 1011-1701. The new charges will come into effect from October 1, 2026.
What is an SBI Basic Savings Bank Deposit Account?
A Basic Savings Bank Deposit Account is a basic banking account designed to provide essential savings account facilities without the requirement of maintaining a minimum balance. Such accounts are intended to provide access to basic banking services, including deposits and withdrawals.
The account is different from a regular savings account in terms of the services and transaction limits applicable to it. Customers should check SBI’s latest terms and service-charge schedule for the specific facilities and limits applicable to their account.
What is changing from October 1?
SBI’s revised schedule specifies that customers will get four cash withdrawals free in a month from the BSBD account through the branch channel.
Any cash withdrawal beyond these four free transactions will attract a ₹15 charge per transaction, plus GST.For example, if an account holder makes six cash withdrawals through the branch in a month, the first four withdrawals will not attract this charge. The fifth and sixth withdrawals will each attract ₹15 plus GST.
The change is therefore relevant mainly for customers who make more than four cash withdrawals from their BSBD account through the branch channel in a month.
