ATM withdrawal charges of ₹23 comes into effect from 01 May, 2025
New Delhi, May 01, 2025.According to the Reserve Bank of India's (RBI) notification issued earlier, from Thursday, May 01, 2025, citizens in India will have to pay an additional ₹2 fees for each financial and non-financial transaction on ATM transaction fees. These charges would be levied after exceeding the monthly limitFrom Thursday, banks would charge ₹23 per transaction after exceeding the number of free transactions allowed. Earlier, this was ₹21.The number of free monthly transactions depend upon whether the customer uses own bank's ATM or that of the other bank.The RBI had also announced that the ATM network would decide the interchange fees.Currently, an interchange fee of ₹19 is levied on each financial transaction, which was earlier ₹17. While, this is current...
