SBI widens cash withdrawal charges to all basic account customers push to plug fee income leak
BusinessLine·2026-08-21 00:03

State Bank of India (SBI), the country’s largest lender, has expanded the scope of cash withdrawal charges for Basic Savings Bank Deposit Accounts (BSBDA), a move that industry sources say is aimed at plugging a leakage in fee income while simultaneously nudging customers towards digital transactions.Under a notification placed on its website, SBI said that with effect from October 1, customers holding BSBDA accounts opened through the branch banking channel, will also be brought under the revised cash with ...

SBI widens cash withdrawal charges to all basic account customers push to plug fee income leak - Reportify