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Business
SBI to Raise Cash Withdrawal Fees from Oct 1, Digital Transactions Remain Free
✍️ Hindustan Times
🗓 20 Aug 2026, 07:42 PM
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State Bank of India announced that from October 1 it will increase fees for cash withdrawals, while all digital transactions will continue to be free.
State Bank of India announced that, effective October 1, it will revise its cash‑withdrawal fee structure, marking the first change in several years. The move is part of the bank’s broader effort to align charges with operational costs.
The revised schedule will apply to cash withdrawals made at ATMs and bank branches, affecting both debit and credit cards. Specific fee amounts were not disclosed in the statement.
SBI emphasized that all digital transactions—including online fund transfers, UPI payments, mobile‑banking operations and card‑present purchases—will remain free of charge, reinforcing its push for a cash‑less economy.
Customers are urged to review the updated fee schedule on SBI’s official website or contact the bank’s helpline for detailed information.
The revised schedule will apply to cash withdrawals made at ATMs and bank branches, affecting both debit and credit cards. Specific fee amounts were not disclosed in the statement.
SBI emphasized that all digital transactions—including online fund transfers, UPI payments, mobile‑banking operations and card‑present purchases—will remain free of charge, reinforcing its push for a cash‑less economy.
Customers are urged to review the updated fee schedule on SBI’s official website or contact the bank’s helpline for detailed information.