Denying reports that all SBI ATM transactions will be charged from June 1, the largest public lender clarified on Thursday that the Rs 25 charge is only for withdrawals from its mobile wallet.
"The service charge on cash withdrawal from ATMs has not been changed for normal savings accounts," SBI MD (national banking) Rajnish Kumar told PTI.
Jan-Dhan account holders with the SBI will have four free withdrawals in a month from ATMs.
Normal savings bank accounts holders will continue to receive eight free ATM transactions in metros- five from SBI ATMs and three from other bank ATMs; and 10 free transactions in non-metros- five from SBI ATMs and five from other bank ATMs.