SBI has revised the rates on the various services offered.

SBI has also revised service charges on various cash transactions for its customers, effective June 1. Here are some of the other key changes:

Online Transfers: Online fund transfer through IMPS or Immediate Payment Service will now be charged Rs. 5 plus service tax for amounts of up to Rs. 1 lakh; Rs. 15 plus service tax for above Rs. 1 lakh and up to Rs. 2 lakh; and Rs. 25 plus service tax for above Rs. 2 lakh and up to Rs. 5 lakh.

Exchange of Soiled Notes: If a customer wishes to exchange of more than 20 soiled notes or if the total value of soiled notes is above Rs. 5,000, SBI said it will charge Rs. 2 plus service charge for every soiled note.

Cheque Books: From June 1, a customer with a Basic Savings Bank Deposit will have to pay Rs. 30 plus service tax for a 10-leaf cheque book, Rs. 75 with service tax for 25-leaf cheque book and Rs. 150 plus service tax for a 50-leaf cheque book.

Charges on ATM Cards: SBI said that issuance of new debit cards will be charged from June 1 and only RuPay classic card will be issued for free.

Cash Withdrawals: Customers with a Basic Savings Bank Deposit will get four free withdrawals (including ATM) in a month, after which withdrawals will be charged at Rs. 50 plus service tax at an SBI branch and at Rs. 20 plus service tax at other bank ATMs

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Vishal Mariappan
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