SBI ATM transaction charges: Rs 8, Rs 20/transaction SBI ATM charges, other important fees explained

SBI ATM charges explained 

SBI allows savings account holders maintaining an average monthly balance of up to Rs 1 lakh a maximum of three free-of-cost transactions of the financial or non-financial nature every month at the ATMs of other banks in six metros, and five such transactions at ATMs located in other parts of the country, according to the SBI portal. 

The six metros are: Mumbai, New Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad.

SBI savings account holders keeping an average monthly balance of up to Rs 25,000 are allowed up to five free transactions a month on the network of SBI's ATMs. Those maintaining an average above Rs 25,000 can enjoy unlimited transitions at such ATMs. 

To be able to enjoy unlimited transactions at the ATMs of other banks, SBI savings account customers are required to maintain a monthly average of at least Rs 1 lakh as balance in their accounts. 

Once the account holder exceeds the permitted number of free transactions in a month, SBI levies a fee of Rs 20 per financial transaction at other ATMs and Rs 10 per transaction at its own ATMs, excluding GST, according to its website. 

For non-financial transactions, it charges a fee of Rs 8 per transaction at other ATMs and Rs 5 per transaction at its own ATMs (excluding GST). 

SBI transaction decline charges

SBI savings account holders using up their monthly quota of free transactions also have to bear a fee of Rs 20 per declined transaction due to insufficient balance at any ATM, according to the SBI website. This essentially means that if a transaction is declined after exhausting the number of free transactions in a month, customers have to pay a fee of Rs 20 for every failed transaction due to insufficient funds, regardless of whether it is at the ATM of SBI or any other bank.