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SBI clarifies on fee for ATM withdrawals

State Bank of India said it is not levying any fee for use of ATMs by its customers. It said the charge of Rs 25 it is levying is only for withdrawals from State Bank Buddy through ATMs. A statement issued by the bank, following criticism of its proposed action, said Rs 25 per transaction charge is applicable only for mobile wallet app SBI Buddy using ATM. This is applicable only for State Bank Buddy customers, it added. A notification earlier by the bank, however, indicated that all ATM withdrawals will be charged a fee of Rs 25. This was later replaced with the corrected notification. The bank said that the number of free withdrawals from ATMs remained unchanged. Jan-Dhan account holders with the SBI can avail of four free withdrawals in a month from ATMs. Normal savings bank accounts holders will continue to get eight free ATM transactions (five from SBI ATMs plus three from other bank ATMs) in metros and 10 free transactions in non-metros (five from SBI ATMs plus five from other bank ATMs)

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