How Much Does SBI Charge for Cash Deposits? Latest Fee Structure Explained

Discover SBI's cash deposit charges for savings and current accounts. Learn about free transaction limits and applicable fees as per the latest update.

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As of the latest update, SBI charges for cash deposits vary depending on the type of account and the transaction's nature. For instance, savings account holders can deposit cash for free up to 3 transactions per month; beyond this, a fee of around ₹50 plus GST may apply. For current accounts, the charges are typically linked to the account's average monthly balance. It's advisable to check directly with SBI or visit their official website for the most current and detailed fee structure.

FAQs & Answers

  1. Are cash deposits free in SBI savings accounts? Yes, SBI savings account holders can deposit cash for free up to 3 transactions per month. Beyond that, a nominal fee is charged.
  2. What is the fee for additional cash deposits in SBI savings accounts? After the free transaction limit, SBI charges approximately ₹50 plus GST per cash deposit transaction in savings accounts.
  3. Do current accounts in SBI have different cash deposit charges? Yes, cash deposit charges for SBI current accounts are typically linked to the average monthly balance and may vary accordingly.

Watch More

For more insights on SBI banking services, check out our videos on SBI savings account limits, transaction fees, and online banking features to optimize your banking experience.

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