SBI Alert: If you use the debit card of the country’s largest public sector bank, SBI i.e. State Bank of India, then this news is very important for you. State Bank of India has issued new rules regarding ATM transactions. According to the new rule, you will have to pay a fine if the transfection fails. That is when the balance in your account will be low and because of which the transaction fails, then you will now have to pay a penalty.
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According to the new bank rules, the bank will collect Rs 20 as penalty and separate GST from the account holders if the transaction fails due to lack of funds. By the way, if you want to avoid this fine, then you should know the balance in your account. For this you have two options. Missed call and SMS facility.
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By the way, you can also find the balance by calling customer care. It is better to always check your balance before withdrawing from ATM. SBI allows 8 free transactions to its regular savings account holders in a month in Metro City. These include free transactions from 5 SBI ATMs and 3 ATMs of any other bank. This leads to higher transaction fees.
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