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SBI modes of payment and cashwithdrawal
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company offering best services to its customers as well other benefits through online and manual modes.

After demonetization of Indian higher denomination currency notes Rs.500/- and Rs.1000/-, people are rushing to banks to withdraw cash, exchange cash and deposit cash following terms and conditions of RBI (Reserve Bank of India).

Download Cash Exchange Request Form

SBI initiative services helping people withdrawing cash from ATMs and banks as well exchanging of cash with old currency notes as per central government limit.

SBI has alternative modes of payment that are totally secure and easy to use - Debit and credit cards, mobile banking, internet banking, State bank buddy and mingle can be used for most transactions.

What are the intiative steps taken by SBI across India after demonetisation of Rs.500/- and Rs.1000/- currency notes?
  • Most of SBI ATMs are already operational and soon balance will be operational
  • Additional exchange counters have been set up at most branches. People can exchange the above old currency notes with new currency notes upto Rs.4500/-.
  • Customers can deposit all their old Rs.500/- and Rs.1000/- notes into their account without any limit upto 30th December, 2016.
  • SBI account holders can also deposit cash at SBI Cash deposit machines, using their State Bank debit card.

Modes of withdrawing cash for immediate purpose:
  • At any of SBI branches
  • At any of SBI ATMs upto Rs.2500/- per day
  • At merchant outlets (Shops) - upto Rs.1000/- or Rs.2000/- by using State Bank debit card on nay SBI 2.3 lakh PoS machines across the country.
Note: Total weekly withdrawal limit is Rs.24000/- as per RBI guidelines.

For more information Dial 1800-425-3800 / 1800 11 22 11 (SBI Toll Free number) / 080 - 2659 9990

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