SBI turns aggressive: now several charges for even no-frill account-holders

State Bank of India announced on May 12, 2017 that it will charge for withdrawals at branches and ATMs post the first four free transactions from now on. These charges will be applicable to the savings banks deposit account (BSBDA) holders.
 
Imposing a series of new charges to compensate on the cost of other unique services, cash withdrawals beyond four free transactions will be charged Rs 50 for withdrawal from branches and Rs 20 for withdrawal from other bank ATMs. Whereas, withdrawals from SBI ATMs will be charges Rs 10 beyond the four transactions.    
 
Besides charging Rs 25 each for transactions on State Bank Buddy wallet, SBI will also levy charges on cheque books, Rs 30 for 10-leaf, Rs 75 for 25-leaf and Rs 150 for 50-leaf respectively.      
 
Moreover, cash withdrawal through Business Correspondent will be charged Rs 2.50 per cent of the transaction value with a minimum of Rs 6, on amounts up to Rs 2000 in multiples of Rs 100. The cash deposit via BC up to Rs 10,000 will also be charged between Rs 2 and 8 at 0.25 percent of entire transaction value.
 
The IMPS fund transfer through internet banking, mobile banking, UPI, or USSD will be charged at Rs 5 up to Rs 1 lakh. IMPS transactions between Rs 1 lakh and Rs 2 lakh will be charged Rs 15 whereas, transactions worth Rs 2 lakh and more will cost an additional Rs 25 to the customers.