big news! SBI has made a big change in the rules for withdrawing money from the account, know all the things related to it
The State Bank of India has changed the rules for cash withdrawal in view of the coronavirus epidemic. The bank has increased the cash limit to withdraw money by going to the branch.
The State Bank of India has changed the rules for cash withdrawal in view of the coronavirus epidemic. The bank has increased the cash limit to withdraw money by going to the branch. In fact, the bank has also increased the limit for withdrawing money from the non-home branches, due to which many customers are going to get help. Since this rule, people living outside their city will now be able to withdraw more money from the bank easily.
SBI has increased the limit of cash withdrawal from 50 thousand rupees to one lakh rupees. That is, the bank has doubled this limit, which will benefit a lot of people. As per the Money 9 report, SBI has doubled the amount of cash withdrawn through the non-home branch to Rs 1 lakh per day.
Please tell that earlier this limit was 50 thousand. Simply put, on the first day you could withdraw Rs 50 thousand in a day from a non-home branch, but now you can withdraw up to 1 lakh rupees.
Limit to withdraw money from passbook also increased
Apart from increasing the limit for withdrawing money from checks, the limit for withdrawing money from the passbook has also been increased. Earlier, you could withdraw only five thousand rupees a day through the savings passbook, which has now been increased five times.
In such a situation, now the bank customers can withdraw up to 25 thousand rupees through the passbook. Explain that this rule will be applicable on transactions from home branch and non home branch. At the same time, third party cash withdrawal has also been approved up to 50 thousand rupees. It is being told that during the pandemic, cash transactions had increased due to people having more cash.
Fees for cash withdrawal from ATM
According to Live Mint’s report, basic savings account holders will now be able to withdraw cash from a branch or ATM only 4 times a month at no charge. After this, whether these account holders withdraw from SBI ATM or from non-SBI branch, they have to pay a charge of Rs 15 plus GST. These rules will come into effect from July 1.
Explain that the basic savings accounts are those, which are exempted according to RBI rules. This is a zero balance account, which can be opened by anyone. There is no hassle of keeping a minimum balance in it.