State Bank of India has announced revised ATM transaction charges for customers using non-SBI ATMs, marking the first fee increase since February 2025. The new charges became effective from December 1, 2025, impacting both cash withdrawals and balance enquiries at other banks' ATMs.

Revised ATM Transaction Charges

The bank has increased fees for transactions conducted at non-SBI ATMs beyond the free transaction limit. The revision affects both financial and non-financial transactions for customers who exceed their monthly free usage allowance.

Reason for Fee Revision

SBI attributed the charge increase to rising interchange fees, which represent costs paid between banks when customers use another bank's ATM services. The bank stated that higher operating expenses necessitated a review of pricing for ATM and Automated Deposit-cum-Withdrawal Machine (ADWM) services.

Impact on Different Account Types

Savings Account Holders

Regular savings account customers will continue to receive five free transactions per month at non-SBI ATMs across all locations. This includes both financial and non-financial transactions, with no change to the existing free transaction limit.

Salary Account Holders - Major Change

SBI salary package savings bank account holders face a significant modification to their benefits. These customers will now be limited to 10 free ATM transactions per month at other banks' ATMs across all locations.

After exhausting the free transaction limit, both account types will be subject to the revised charges of ₹23.00 plus GST for cash withdrawals and ₹11.00 plus GST for balance enquiries or mini statements.

Market Performance

On Tuesday, January 13, SBI shares were trading at ₹1,023.65 per share, registering a gain of 0.84% during the trading session. The stock performance remained positive despite the announcement of increased ATM charges.

Customers who primarily use SBI ATMs for their banking transactions will not be affected by these revised charges, as the fee structure applies only to transactions conducted at non-SBI ATM locations.

State Bank of India has launched the Har Ghar Lakhpati scheme to address a fundamental challenge faced by Indian households - building financial security despite rising expenses and modest incomes. The scheme directly counters the widespread belief that substantial wealth creation requires high salaries or significant one-time investments, instead promoting the power of systematic and disciplined investing.

Scheme Overview and Investment Structure

The Har Ghar Lakhpati scheme is designed to make wealth creation accessible to every household, regardless of income level. The program demonstrates how consistent monthly investments can lead to substantial corpus building over time.

Breaking Financial Misconceptions

Many households postpone their investment journey due to common misconceptions about wealth creation. The scheme addresses several key barriers:

• Income Requirements: Eliminates the belief that only high earners can build wealth
• Investment Amount: Proves that small, consistent investments are more effective than waiting for large sums
• Accessibility: Makes systematic investment planning available to all economic segments
• Discipline Over Amount: Emphasizes the importance of regularity over investment size

Systematic Investment Benefits

The ₹610.00 monthly investment structure offers several advantages for household financial planning. This approach allows families to integrate wealth building into their regular budget without straining their monthly expenses. The systematic nature of the investment helps develop financial discipline while gradually building a substantial corpus.

The scheme particularly benefits households that struggle with irregular income patterns or those who find it challenging to save large amounts at once. By breaking down the ₹1.00 lakh target into manageable monthly contributions, the program makes the goal achievable and less intimidating for average Indian families.

Wealth Creation Through Discipline

The Har Ghar Lakhpati scheme emphasizes that consistent financial discipline often outweighs the size of individual investments. The ₹610.00 monthly commitment demonstrates how regular contributions can accumulate into meaningful wealth over time, providing households with a practical pathway to financial security and helping them establish a foundation for larger investment goals in the future.