Coronavirus Outbreak: State Bank of India waives service charges for all ATM transactions till 30 June

State Bank of India has decided to waive off charges for all ATM transactions made on SBI as well as other banks till 30 June amid the ongoing coronavirus pandemic.

FP Trending April 17, 2020 14:35:07 IST
Coronavirus Outbreak: State Bank of India waives service charges for all ATM transactions till 30 June

State Bank of India has decided to waive off charges for all ATM transactions made on SBI as well as other banks till 30 June amid the ongoing coronavirus pandemic.

The bank issued a statement on their website that read, “In view of the announcement made by the finance minister on 24 March 2020, State Bank of India has decided to waive ATM Service Charges for all ATM transactions made on SBI ATMs and other bank ATMs on account of exceeding the free number of transactions up to 30 June 2020. Stay Home, Stay Safe.”

On 24 March, Finance Minister Nirmala Sitharaman had announced that no charges will be levied on customers on cash withdrawals from any bank’s ATMs for three months. She had revealed that debit cardholders can withdraw cash from any other banks for free amid the COVID-19 outbreak.

The government had also mentioned that no minimum balance requirement fee will be charged from account holders over the next three months as well

Earlier, SBI customers were allowed three free transactions in six metro centres (Mumbai, Delhi, Chennai, Kolkata, Hyderabad & Bengaluru) and five free transactions at other centres.

India has registered over 13,000 cases of COVID-19 with at least 430 deaths from the dreaded disease.

Updated Date:

also read

Budget 2023-2024: From revised tax slabs to savings scheme for women, Nirmala Sitharaman’s biggest announcements
Explainers

Budget 2023-2024: From revised tax slabs to savings scheme for women, Nirmala Sitharaman’s biggest announcements

The last full Budget of the second term of the BJP-led NDA government saw the deposit limit for the Senior Citizens’ Savings Scheme raised from Rs 15 lakh to Rs 30 lakh, the highest-ever allocation for Indian Railways and the announcement of a next-generation common I-T form

Budget 2023-24: In India's 'Amrit Kaal' you don't need to pay Income tax if you earn less than Rs 7 lakh
Business

Budget 2023-24: In India's 'Amrit Kaal' you don't need to pay Income tax if you earn less than Rs 7 lakh

"An individual with annual income of Rs 9 lakh will have to pay only Rs 45,000 in taxes while someone with an annual income of Rs 15 lakh will have to pay Rs 1.5 lakh tax, down from Rs 1.87 lakh under new tax structure." FM said

Union Budget 2023: Sensex sheds early gains to close 158 points up, Nifty ends in red
Business

Union Budget 2023: Sensex sheds early gains to close 158 points up, Nifty ends in red

Equity benchmarks Sensex and Nifty ended on a mixed note as the euphoria about the Budget 2023 fizzled out, with investors going for profit-taking ahead of the Fed interest rate decision