Starting from July 1st, Bank ATM cash withdrawal rules are going to change. The norms are now going to be tightened again, deadline of which is 30th June 2020. During the lockdown period, banks had relaxations on the cash withdrawal from ATMs.
Bank ATM Cash Withdrawal Rules to Change from 1st July
As different banks have different ATM withdrawal rules, customers should contact their branch customer care number and find out the rules.
State Bank of India being the largest Indian commercial bank, here are the rules as per the information available on the official website of the SBI — sbi.co.in. In metro cities, SBI allows 8 free transactions to its regular savings account holders to transact in a month. Beyond this, customers are charged on each transaction. These include free transactions from 5 SBI ATMs and 3 ATMs of any other bank.
Non-metro cities get 10 free ATM transactions, in which 5-5 transactions can be made from SBI and other banks. It then levies Rs 20 + GST for cash transactions and Rs 8 + GST for non-cash transactions.