May 20, 2025 10:53 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Russia, Ukraine will immediately start negotiations for ceasefire': Donald Trump after call with Putin | 'Jill and I have learned that we are strongest in the broken places': Joe Biden on cancer diagnosis | Rahul Gandhi targets Jaishankar over Op. Sindoor again, BJP says LoP speaking Pak language | Supreme Court orders SIT probe into Madhya Pradesh minister's remarks on Colonel Sofiya Qureshi | Bengaluru: Woman killed after wall collapses on her after heavy rainfall | Pak forces targeted Golden Temple after India conducted Operation Sindoor: Army | YouTuber Jyoti Malhotra, arrested for 'espionage', travelled to Pakistan ahead of Pahalgam attack | Centre picks Shashi Tharoor to head all-party delegation for 'exposing' Pak-backed terrorism globally | Rape convict, survivor express willingness to get married; exchange flowers in Supreme Court | 'Are nukes safe with irresponsible and rogue nation like Pakistan?': Rajnath Singh questions world
After crossing the free limit, customers will have to pay Rs 23 per ATM transaction. (Image credit: Pixabay)

ATM charges to rise from May 1; RBI limits free transactions

| @indiablooms | Apr 30, 2025, at 04:54 pm

Mumbai: Starting May 1, 2025, new rules set by the Reserve Bank of India (RBI) will revise the number of free ATM transactions customers are entitled to each month, and increase the maximum fee banks can charge once that limit is exceeded.

According to the RBI notification, "Customers are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs. They are also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs viz. three transactions in metro centres and five transactions in non-metro centres."

Once the free transaction cap is breached, banks will be allowed to levy a fee of up to ₹23 per transaction, a hike from the current ₹21.

This revised rate applies to both financial transactions—such as cash withdrawals—and non-financial ones like balance inquiries or mini-statements.

The RBI clarified that these charges will also apply at Cash Recycler Machines (CRMs), except for cash deposits.

The number of free transactions a customer receives from other bank ATMs will depend on their location.

Those in metro cities will get three free transactions per month, while residents of non-metro areas will continue to get five.

Several banks, including HDFC Bank, Punjab National Bank (PNB), and IndusInd Bank, have already begun notifying customers about the changes.

HDFC Bank stated, “With effect from 1st May 2025, ATM transaction charge rate beyond free limit of Rs 21, along with taxes would be revised to Rs. 23 + taxes, wherever applicable.”

It further clarified, “For transactions at HDFC Bank ATMs, only cash withdrawal transactions will be considered for charging. Non-Financial Transactions (Balance Enquiry, Mini Statement & PIN Change) will be free.”

The bank also confirmed that ATM transactions conducted in cities like Mumbai, New Delhi, Chennai, Kolkata, Bengaluru, and Hyderabad will be classified under the metro category.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu