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0 Saturday, May 13, 2017
State Bank of India (SBI) has introduced an ATM withdrawal facility for those having an account with its Buddy e-wallet. For using this facility, the customer does not need to carry the debit or credit card of the bank to the ATM.
The bank has enabled withdrawal of cash from ATMs for all those customers using its mobile wallet SBI Buddy, but each of these transactions can cost you Rs 25 and Rs 3.50 service tax.
Rajnish Kumar, managing director, State Bank of India, told DNA Money, “Earlier mobile wallets could not be used to withdraw money from ATMs or from BCs. Now, these facilities are enabled and it carries a charge. In other instances, the electronic transaction costs have also been revised marginally, but our ATM charges are regulated by RBI and there is no change in those.”
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Saturday, May 13, 2017

SBI Bank Customers Can Now Withdraw Cash From ATM Without ATM Card!

State Bank of India (SBI) has introduced an ATM withdrawal facility for those having an account with its Buddy e-wallet. For using this facility, the customer does not need to carry the debit or credit card of the bank to the ATM.
The bank has enabled withdrawal of cash from ATMs for all those customers using its mobile wallet SBI Buddy, but each of these transactions can cost you Rs 25 and Rs 3.50 service tax.
Rajnish Kumar, managing director, State Bank of India, told DNA Money, “Earlier mobile wallets could not be used to withdraw money from ATMs or from BCs. Now, these facilities are enabled and it carries a charge. In other instances, the electronic transaction costs have also been revised marginally, but our ATM charges are regulated by RBI and there is no change in those.”
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