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The public sector Indian State Bank (SBI) is going to start a new facility, which can be used to withdraw money from the ATM using the bank's mobile wallet. However, the bank will charge 25 rupees for each withdrawal from ATM through Mobile Wallet. Among all, SBI has denied the news in the media that he has increased the service charges on regular ATM transactions to 25 rupees.
SBI Managing Director (National Bank) Rajnish Kumar said that there has been no change in the Vodafone service charge from ATMs from the general savings account. Rajneesh Kumar said, "If the customer has money in our mobile wallet SBI Buddy, then he can withdraw it from an ATM. Apart from that, the customer can now deposit the money through the Business Corpus (BC) in the mobile wallet.
These features were not available before that. For depositing of 1,000 rupees in the mobile wallet by BC, the bank will be charged 0.25 percent service tax and service tax. This will be a minimum of 2 rupees and a maximum of 8 rupees. Apart from this, up to Rs 2,000 by SBI BD to BC, two-and-a-half service charges (minimum Rs 6) and service tax will be levied.