The State Bank of India (SBI) will revise cash withdrawal charges for Basic Savings Bank Deposit (BSBD) accounts opened through branches from October 1, 2026. Under the new rule, customers will get four cash withdrawals free every month. After that, SBI will charge ₹15 plus GST per withdrawal.Key HighlightsFour cash withdrawals every month will remain free.The fifth and later withdrawals will cost ₹15 plus GST each.The rule applies to branch-opened BSBD accounts.Digital transactions will continue to remain free without any limit.What Is the New SBI Withdrawal Charge?The new SBI cash withdrawal charges will apply from October 1. Customers with eligible BSBD accounts can make four cash withdrawals in a month without paying a withdrawal fee.If a customer makes more than four cash withdrawals in the same month, every extra withdrawal will attract a charge of ₹15 plus GST.For example, if a customer makes six cash withdrawals in one month, the first four will remain free. The fifth and sixth withdrawals will attract the applicable charge.The change is part of SBI’s updated banking charges for BSBD accounts.Related Instagram Post : SBI Cash Withdrawal Charges From October 1Digital Transactions Will Stay FreeOne important part of the SBI cash withdrawal rules is that digital payments will not be affected by this change.SBI said customers can continue to use digital transactions without any restriction. This means customers can use digital banking methods without paying a charge under this new withdrawal rule.“Customers are requested to take note that all digital transactions will continue to be free without any restriction,” SBI said.This makes digital payments an option for customers who want to avoid extra cash withdrawal charges.Who Will Be Affected From October 1?The revised rule mainly applies to BSBD accounts opened through the branch channel. Customers who regularly withdraw cash should keep the new limit in mind.The ₹15 withdrawal charge SBI rule will apply only after the four free withdrawals are used in a month. GST will be added to the ₹15 charge.The new SBI new rules October 1 change does not mean customers will be charged for every cash withdrawal. Four withdrawals will still remain free.SBI customers should therefore track their monthly cash withdrawals to avoid unexpected charges.The bank has advised customers to take note of the revised charges before the new rule becomes effective on October 1, 2026.Also Read : What Changes on July 1? New Credit Card & Tax Rules
