SBI cash withdrawal charges: Digital transactions now count for 4 BSBD free withdrawals; pay ₹15 + GST after

State Bank of India (SBI) has revised its service charges for customers who hold Basic Savings Bank Deposit (BSBD) accounts. The new rules will apply from October 1, 2026.

Under the new rules, BSBD account holders will continue to have a total of four free cash withdrawals per month. Following this, the bank will charge ₹ 15 plus GST for each additional cash withdrawal.

The main change is in how these four free withdrawals are counted. Earlier, digital transactions were not included in the monthly limit, but as of October 1, they will also be counted when calculating the four free withdrawals.

The four free withdrawals cover cash withdrawals through SBI and other bank ATMs, branch channels and digital transactions.

SBI’s Basic Savings Bank Deposit (BSBD) account is designed for those who want a simple bank account without the burden of maintaining a minimum balance.

However, the account includes basic banking services. Customers can withdraw money from branches using a withdrawal form or through ATMs. SBI provides a basic RuPay ATM-cum-debit card, but the account does not come with a cheque book facility.

There are also eligibility conditions for opening an SBI BSBD account. A customer holding such an account cannot have another savings bank account with SBI. If an existing savings account holder opens a BSBD account, the other savings account has to be closed within 30 days.

For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories from around the world, helping our readers to stay informed on the latest developments around the globe. Our Coverage Areas 1. Companies: Comprehensive news and analysis on listed and unlisted companies, corporate announcements, corporate chatter, C-suite, business trends, hiring alerts, layoffs, work-life balance, world's top billionaires and richest and more. 2. Personal finance: Insights into mutual funds, small savings schemes like - PPF, SSY, post office savings scheme, stock to watch, personal loans, credit cards, top bank FDs, real estate, income tax and more. 3. Politics: Comprehensive coverage of general elections, state elections and bypolls, Lok Sabha, Vidhan Sabha, Parliament, PMO, PIB, finance ministry, home ministry, among other union ministries and government departments. 4. National News: From metro cities like Delhi, Mumbai, and e to untapped stories from rural India, we cover human interest, health, education, crime and courts, and law and order, among other areas of public interest. 5. Economy: In-depth analysis of India's macro and micro-economic indicators like- GDP, inflation, forex, fiscal deficit, current account deficit, interest rate cycle, economic recovery, RBI circulars, indirect taxes, GST, Insolvency and Bankruptcy imports, exports and everything that impacts Indian economy. 6.