RBI allows banks to hike ATM charges to Rs 23/withdrawal beyond free monthly usage from May 1

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....BI allows banks to hike ATM charges to Rs 23/withdrawal beyond free monthly usage from May 1<BR>News and Press Release<BR>Dated:- 28-3-2025<BR>PTI<BR>Mumbai, Mar 28 (PTI) The Reserve Bank on Friday pe....

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....rmitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1. Customers are eligible for five free transactions (inclusive of f....

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....inancial and non- financial transactions) every month from their own bank Automated Teller Machines (ATMs). They are also eligible for free transactions (inclusive of financial and non-financial tra....

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....nsactions) from other bank ATMs -- three transactions in metro centres and five in non-metro centres. "Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction.....

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.... This shall be effective from May 1, 2025," the RBI said in a circular. Currently, banks are allowed to charge Rs 21 per transaction, after a customer exhausts the free transaction limit. The RBI ....

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....further said the instructions shall also apply, mutatis mutandis, to transactions done at cash recycler machines (other than for cash deposit transactions). PTI NKD TRB<BR> News - Press release - PIB....

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