SBI cash withdrawal rules change from October 1: Rs 15 fee after four free transactions

Times of India Published Aug 21, 2026 Reviewed Aug 21, 2026 ✓ Reviewed by citations.press editors

Starting October 1, SBI customers will pay Rs 15 plus applicable GST for each cash withdrawal beyond four free withdrawals per month.

15 Rs · cash withdrawal fee SBI, bank

Digital transactions will remain free with no restriction on the number of transactions.

SBI, bank

Starting from the rule change, AePS transactions will no longer be exempt from the four free withdrawal limit.

SBI, bank

SBI revised interest rates on domestic bulk term deposits of Rs 3 crore and above, effective August 15.

SBI, bank

For 7-14 day bulk term deposits, SBI reduced the public rate from 4.50% to 4.25% and the senior citizen rate from 5% to 4.75%.

4.25 % · public rate4.75 % · senior citizen rate SBI, bank

For 15-45 day bulk term deposits, SBI cut the public rate from 5% to 4.75% and the senior citizen rate from 5.50% to 5.25%.

4.75 % · public rate5.25 % · senior citizen rate SBI, bank

For 46-179 day bulk term deposits, SBI declined the public rate from 5.10% to 4.85% and the senior citizen rate from 5.60% to 5.35%.

4.85 % · public rate5.35 % · senior citizen rate SBI, bank

For 180-210 day bulk term deposits, SBI reduced the public rate from 5.60% to 5.50% and the senior citizen rate from 6.10% to 6%.

5.5 % · public rate6 % · senior citizen rate SBI, bank

For 211 days to less than one year bulk term deposits, SBI kept the public rate at 5.60% and the senior citizen rate at 6.10%.

5.6 % · public rate6.1 % · senior citizen rate SBI, bank

For 1 year to less than 2 years bulk term deposits, SBI kept the public rate at 6.25% and the senior citizen rate at 6.75%.

6.25 % · public rate6.75 % · senior citizen rate SBI, bank

For 2 years to less than 3 years bulk term deposits, SBI kept the public rate at 6.15% and the senior citizen rate at 6.65%.

6.15 % · public rate6.65 % · senior citizen rate SBI, bank

For 3 years to less than 5 years bulk term deposits, SBI kept the public rate at 6% and the senior citizen rate at 6.50%.

6 % · public rate6.5 % · senior citizen rate SBI, bank

For 5 years and up to 10 years bulk term deposits, SBI kept the public rate at 6% and the senior citizen rate at 6.50%.

6 % · public rate6.5 % · senior citizen rate SBI, bank

SBI's premature penalty for bulk term deposits across all tenures is 1%.

1 % · premature penalty SBI, bank

SBI Green Rupee Term Deposit will be available for 1,111, 1,777, and 2,222 days at par with the card rate from May 1, 2026.

SBI, bank

SBI's net profit increased 10.23% year-on-year in Q1FY27.

10.23 % · net profit growth SBI, bank

SBI's net profit was Rs 21,121 crore in Q1FY27, up from Rs 19,160 crore in Q1FY26.

21121 crore · net profit19160 crore · net profit SBI, bank

SBI's operating profit rose 9.8% to Rs 33,529 crore in Q1FY27.

9.8 % · operating profit growth33529 crore · operating profit SBI, bank

SBI's net interest income increased 14.9% to Rs 46,992 crore in Q1FY27.

14.9 % · net interest income growth46992 crore · net interest income SBI, bank

SBI shares were at Rs 1,048.05 on the BSE on Thursday, up 0.2%.

1048.05 Rs · share price0.2 % · share price change SBI, bank

SBI's 52-week high is Rs 1,234.80 and low is Rs 798.60.

1234.8 Rs · 52-week high798.6 Rs · 52-week low SBI, bank

From October 1, SBI customers will have to pay Rs 15 plus applicable GST for cash withdrawals beyond the existing limit of four free withdrawals a month. The charge will apply to Basic Savings Bank Deposit (BSBD) accounts opened through the branch channel.The bank said that customers will retain four free cash withdrawals every month and once that limit is exhausted, each additional cash withdrawal will cost Rs 15 plus applicable GST.SBI announced the change in a public notice on Thursday, sharing details on X.

While cash withdrawals beyond the monthly free limit will attract a charge, digital transactions will continue to be free, with no restriction on the number of transactions.There is also a change in how Aadhaar Enabled Payment System (AePS) transactions are treated. Previously, AePS transactions were considered digital transactions and were not counted towards the four free monthly withdrawals.

SBI has now removed this exclusion, meaning AePS transactions will be treated differently under the revised rules.Earlier this month, SBI also revised interest rates on domestic bulk term deposits of Rs 3 crore and above. The new rates came in effect from August 15, applicable for fresh deposits as well as renewals of maturing deposits.Here’s what customers should know:7 days to 14 days: The rate for the public was reduced from 4.50 per cent to 4.25 per cent, while the senior citizen rate fell from 5 per cent to 4.75 per cent.15 days to 45 days: The public rate was cut from 5 per cent to 4.75 per cent and the senior citizen rate from 5.50 per cent to 5.25 per cent.46 days to 179 days: The public rate declined from 5.10 per cent to 4.85 per cent, while the senior citizen rate fell from 5.60 per cent to 5.35 per cent.180 days to 210 days: The public rate was reduced from 5.60 per cent to 5.50 per cent and the senior citizen rate from 6.10 per cent to 6 per cent.211 days to less than one year: Rates remained unchanged at 5.60 per cent for the public and 6.10 per cent for senior citizens.1 year to less than 2 years: The rates remained unchanged at 6.25 per cent for the public and 6.75 per cent for senior citizens.2 years to less than 3 years: The rates stayed at 6.15 per cent for the public and 6.65 per cent for senior citizens.3 years to less than 5 years: The rates remained at 6 per cent for the public and 6.50 per cent for senior citizens.5 years and up to 10 years: The rates continued at 6 per cent for the public and 6.50 per cent for senior citizens.SBI said all other terms and conditions for retail and bulk term deposits would remain unchanged.

The premature penalty for bulk term deposits across all tenures is 1 per cent and applies to all new deposits, including renewals.The bank also said its SBI Green Rupee Term Deposit is available for 1,111, 1,777 and 2,222 days at par with the card rate from May 1, 2026.SBI's Q1FY27 performanceSBI reported a 10.23 per cent year-on-year increase in net profit for the first quarter of FY27, with the bank attributing the performance to strong growth in interest income, robust loan expansion and a sharp decline in bad loan provisions.Net profit stood at Rs 21,121 crore in the April-June quarter, compared with Rs 19,160 crore in Q1FY26.Operating profit rose 9.8 per cent to Rs 33,529 crore, while net interest income increased 14.9 per cent to Rs 46,992 crore.SBI shares traded flat on Thursday at Rs 1,048.05 on the BSE, up 0.2 per cent.

The stock has touched a 52-week high of Rs 1,234.80 and a 52-week low of Rs 798.60, according to exchange data.Get the latest Business News and Live updates. Download the TOI app.

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