State Bank of India (SBI) is planning introduce new facility that would enable withdrawal of cash through ATMs using the Bank’s mobile wallet. Though, the Bank will charge Rs 25 on every cash withdrawal from the mobile wallet through ATMs.
For cash deposit of up to Rs 1,000 into its mobile wallet through business correspondents, the Bank will levy a service charge of 0.25 per cent (minimum Rs 2 and maximum Rs 8) plus service tax. The service charges will be effective from June 1, 2017.
SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.