ATM Withdrawal Free Limit, Fees: ATM Transaction Fee Set To Rise As New RBI Rules Come Into Effect From May 1, Check Revised Limits and Charges

Mumbai, April 29: Beginning May 1, 2025, ATM users across India will have to pay more for transactions exceeding the free monthly limit. The Reserve Bank of India (RBI), following recommendations from the National Payments Corporation of India (NPCI), has approved fee increases to address the rising costs of ATM maintenance, cash handling, and interbank services.

Under the revised structure, charges for transactions beyond the free limit will increase from INR 21 to INR 23 plus GST. This applies to both financial and non-financial transactions, although some banks may continue to exempt non-financial services from charges.슬롯 머신 사이트 추천Rules Changing From May 1: ATM Withdrawal, Bank Balance Check To Cost More As Hiked Interchange Fees Come Into Effect Next Month; Minimum Balance Rules, Credit Card Benefits Also Revised by Major Banks.

No Change in Number of Free ATM Transactions:

• 5 free transactions per month at own-bank ATMs (including withdrawals, balance checks, PIN changes, and mini statements).
• 3 free transactions at other-bank ATMs in metro cities (Delhi, Mumbai, Chennai, Kolkata, Bengaluru, and Hyderabad).
• 5 free transactions at other-bank ATMs in non-metro areas.

Major banks, such as HDFC Bank, PNB, IndusInd Bank, and Kotak Mahindra Bank, have already begun alerting their customers. HDFC Bank clarified that only cash withdrawals over the limit will attract fees, while services like balance enquiries and mini statements will remain free. IndusInd Bank has announced that all customer types 슬롯사이트� including Savings, Salary, NRI, and Current Accounts 슬롯사이트� will be subject to an INR 23 charge after the free limit is reached.

Additionally, the RBI has hiked the ATM interchange fee 슬롯사이트� what one bank pays another for allowing its customer to use an ATM 슬롯사이트� from INR 17 to INR 19 for financial transactions, and from INR 6 to INR 7 for non-financial ones. Charges will also apply to Cash Recycler Machines (CRMs) after the free usage cap is exceeded, in line with regular ATMs.슬롯 머신 사이트 추천ATM Cash Withdrawals To Get Costlier in India As RBI Allows Banks To Hike ATM Charges by INR 2 to INR 23 per Withdrawal Beyond Free Monthly Usage.

State Bank of India (SBI) customers will continue to get 5 free transactions at SBI ATMs, and 10 free transactions at other-bank ATMs for SBI cardholders. Beyond this, the INR 23 + GST fee will apply. While the fee hike aims to support the sustainability of ATM networks, customers of smaller banks 슬롯사이트� which often have fewer ATMs 슬롯사이트� may feel the pinch as they rely more heavily on other banks' ATM services.

Users are advised to monitor their monthly ATM usage closely to avoid unexpected charges.

(The above story first appeared on LatestLY on Apr 29, 2025 12:57 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).