SBI shakes things up with new ATM fees: What to know

The State Bank of India has decided to spice things up by raising ATM transaction fees after a year of keeping them steady! Starting in December, customers who go beyond their free transaction limits will feel the pinch. Savings account holders can still enjoy five free transactions, but cash withdrawals now cost Rs 23. Salary account folks are limited to ten free transactions, so it's time to rethink those cash habits!

Quick rundown

1.SBI hikes ATM charges due to increased interchange fees.

2.Savings account holders still get five free non-SBI ATM transactions monthly.

3.Salary account holders now face a cap on free non-SBI ATM transactions.

4.BSBD accounts and SBI ATM users remain unaffected by the changes.

5.Frequent non-SBI ATM users should reassess withdrawal habits to avoid extra costs.

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