SBI Card Holders Will Charge After How Many Withdrawals in a month? | Need to Know Latest Card Limits

New Delhi: State Bank of India (SBI), the country’s largest bank, at present, offers 7 different types of ATM-cum-debit cards to its account holders.

With effect from 1st July, SBI has revised its ATM withdrawal rules. As per the information available on the official website (sbi.co.in), SBI allows 8 free transactions to its regular savings account holders to transact in a month. Beyond this, customers are charged on each transaction.

 

OTP-based cash withdrawal

For withdrawing Rs 10,000 and above, SBI debit cardholders now have to enter OTP sent on their registered mobile numbers along with their debit card PIN each time. At present, this extra level of security is available for transactions at SBI ATMs between 8 pm and 8 am.

"With the introduction of a 24x7 OTP-based cash withdrawal facility, SBI has further strengthened the security level in ATM cash withdrawals. Implementing this facility throughout the day would prevent SBI debit cardholders from the risk of falling prey to fraudsters, unauthorized withdrawals, card skimming, card cloning, and the likes," SBI said in a statement.