The State Bank of India (SBI) will revise charges for cash withdrawals from Basic Savings Bank Deposit Accounts (BSBD) operated through the branch channel from October 1, 2026.
A Basic Savings Bank Deposit Account (BSBDA) is a zero-balance savings account introduced by the Reserve Bank of India (RBI) to promote financial inclusion.
Four cash withdrawals in a month will remain free. For withdrawals beyond the first four in a month, SBI will levy a charge of ₹15 per transaction, plus applicable GST.
The revised charges apply to Basic Savings Deposit Account (Branch Channel), Product Code 1011-1701. The new charges will come into effect from October 1, 2026.
As per SBI, customers will get four cash withdrawals free in a month from the BSBD account through the branch channel. Any cash withdrawal beyond these four free transactions will attract a ₹15 charge per transaction, plus GST.
For example, if an account holder makes six cash withdrawals through the branch in a month, the first four withdrawals will not attract this charge. The fifth and sixth withdrawals will each attract ₹15 plus GST.
