SBI to charge Rs 20 + GST for failed ATM transaction due to insufficient fund.



There are options like missed call and SMS facility which allows customers to keep a tab on the balance in their savings account. Before making an ATM withdrawal it is better to always check your balance.

India's largest lender State Bank of India (SBI) to charge customers for failed ATM transactions due to insufficient balance. A transaction that is unsuccessful due to insufficient funds in the account, customers have to pay an extra amount as a penalty.


There are options like missed call and SMS facility which allows customers to keep a tab on the balance in their savings account. Before making an ATM withdrawal it is better to always check your balance.

SBI allows 8 free transactions to its regular savings account holders in a month in the metro cities. These include free transactions from 5 SBI ATMs and 3 ATMs of any other bank. 10 free ATM transactions from non-metro cities in which 5 transactions can be made from SBI, while 5 from other banks ATM, according to the SBI website.


SBI will charge a fee of Rs 20 plus GST for transaction decline due to insufficient balance. There are few examples where ATM transaction fails, and as a result, no cash is dispensed, although cash gets debited from one’s account. No need to worry, just safely keep your transaction slip and register the complaints online with SBI.