The charge applies to each cash withdrawal after the fourth for basic accounts, according to SBI’s announcement. The stated fee is ₹15 before GST, so the amount payable will include tax. The report does not provide the tax-inclusive total or say when the policy takes effect.

The stated aim of the adjustment is to make banking services more streamlined while keeping them accessible to account holders who satisfy the bank’s KYC requirements. However, the report does not explain how that accessibility objective will work alongside the withdrawal charge or describe any exceptions to the fee.

Several details needed to understand the rule fully have not been stated. Apart from the counting period, the report does not identify the withdrawal channels covered. It therefore does not establish whether branch cash withdrawals and ATM withdrawals will be counted together, separately, or under different conditions.

The announcement concerns basic accounts. The supplied information does not establish that the same charge applies to other SBI account types. Customers should distinguish the stated per-transaction fee from the wider account rules, which are not set out in this report.