SBI withdraws controversial circular

Mumbai: SBI said today that it is withdrawing the circular levying service charge for all ATM transactions. The circular had sparked an outrage among public.A revised circular will be issued soon, it said. Earlier, the bank had issued a circular announcing a steep hike in some key service charges. The circular had said the bank will end its free ATM withdrawals and from July 1 on wards, any cash withdrawal from an ATM will be charged Rs 25 per transaction.However, later the bank explained that the order was meant for State Bank Buddy customers.

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