Business
oi-Ashish Rana
State Bank of India has revised the cash withdrawal charges for its Basic Savings Bank Deposit (BSBD) the accounts that operate through the branch from 1 October 2026. Although customers will get the free four cash withdrawals in a month and after that free limit they will need to pay Rs 15 per transaction plus GST charge.
Effective October 1, 2026, State Bank of India revised cash withdrawal charges for its BSBD accounts, allowing four free withdrawals monthly at branches, with subsequent transactions incurring a Rs 15 plus GST fee.
What Is Changing for SBI BSBD Account Holders?
After the revised schedule, the first four cash withdrawals in a month will be totally free for eligible BSBD account holders. After the fourth withdrawal, the account holders will be charged Rs 15 plus GST per transactions from the fifth withdrawal.
For example, if a person withdrawals five times in a month, then for initials four transactions it will be free and no charge. But as soon the account holder will withdraw fifth transaction in the same month will be Rs 15 plus GST.
Who Will Be Affected by the Charge?
This updated charge will only relevant to BSBD account holders who mainly withdraw cash through their branches. Customers who make four and less than four withdrawals will not be affected.
SBI’s service-charge documents also shows that four free withdrawals can cover many withdrawal channels, that depends on the applicable schedule.
Why the BSBD Account Matters
BSBD is a Basic Savings Bank Deposit account that is designed to provide bank services without maintaining the minimum balance. It has made for basic savings and banking facilities access to customers that may not need all the features of bank in regular saving account.
The new revised schedule will come into effect from 1 October 2026, until then the customers will be charged to currently applicable to their account. The bank also has confirmed that these four withdrawals doesn’t count ATM, UPI or any online transactions, it is mainly for cash withdrawals.
