SBI account holder? Know new ATM withdrawal, loan rules kicking in today

SBI will use repo rate as the external benchmark to price all new floating-rate loans for MSMEs, housing and retail loans and credit for medium-sized enterprises from today

Starting today (October 1), State Bank of India has revised its service charges and also adopted the repo rate as the external benchmark for its floating-rate loans. Here are some of the most important changes that you must know about if you are an SBI customer:

New ATM withdrawal rules

According to new rules, SBI will allow 8-10 free ATM transactions in a month for its customers with average monthly balance (AMB) of up to Rs 25,000 in their savings accounts. For customers with AMB above Rs 25,000, SBI will allow unlimited transactions at its own ATMs. The free limit at