INCOME TAX4 Sept 2026
SBI ATM rules change from 1 Oct: Free other-bank transactions for salary accounts capped at 5 per month- Details here | Mint
From 1 October 2026, SBI will cut free other-bank ATM transactions for salary account holders from 10 to 5 per month. This affects financial and non-financial transactions across all salary package accounts. Once you cross five, cash withdrawals cost ₹23 plus GST, and other transactions ₹11 plus GST. SBI's own ATMs still offer 10 free transactions. Check your usage and plan withdrawals.
Key Statutory Highlights
- Free other-bank ATM transactions for SBI salary package accounts drop from 10 to 5 per month starting 1 October 2026.
- Beyond the free five, a cash withdrawal costs ₹23 plus GST and a non-financial transaction costs ₹11 plus GST.
- At SBI's own ATMs, customers still get 10 free transactions a month, while accounts like Shaurya Family Pension and SBI RISHTEY keep unlimited free SBI ATM use.
Actionable Advice for Taxpayers / Founders:Before 1 October 2026, check your recent other-bank ATM usage on your SBI salary account. If you go over five, switch to SBI ATMs or withdraw larger amounts to avoid the new charges.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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