Only 5 ATM transactions free for SBI customers from April 1

After major private banks in India announced on Wednesday that they will charge the customers after 4 transactions in a month, the State Bank of India today said that it will charge Rs 10 after five cash transactions from SBI ATMs within a month.

Banks, including HDFC Bank, ICICI Bank and Axis Bank, from March 1 started levying a minimum charge of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

The charges for SBI customers will be effective from April 01, 2017.