The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.<\/p>\n
Customers are eligible for five free transactions (inclusive of financial and non- financial transactions) every month from their own bank Automated Teller Machines (ATMs).<\/p>\n
They are also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs — three transactions in metro centres and five in non-metro centres.<\/p>\n
“Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction. This shall be effective from May 1, 2025,” the RBI said in a circular.<\/p>\n
Currently, banks are allowed to charge Rs 21 per transaction, after a customer exhausts the free transaction limit.<\/p>\n
The RBI further said the instructions shall also apply, mutatis mutandis, to transactions done at cash recycler machines (other than for cash deposit transactions).<\/p>\n
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n
\u200bThe Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly<\/p>\n","protected":false},"author":0,"featured_media":112032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-112031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/atm-generic_650x400_81470669678-1MAMye.jpeg",650,400,false],"thumbnail":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/atm-generic_650x400_81470669678-1MAMye-150x150.jpeg",150,150,true],"medium":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/atm-generic_650x400_81470669678-1MAMye-300x185.jpeg",300,185,true],"medium_large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/atm-generic_650x400_81470669678-1MAMye.jpeg",640,394,false],"large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/atm-generic_650x400_81470669678-1MAMye.jpeg",640,394,false],"1536x1536":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/atm-generic_650x400_81470669678-1MAMye.jpeg",650,400,false],"2048x2048":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/atm-generic_650x400_81470669678-1MAMye.jpeg",650,400,false],"morenews-large":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/atm-generic_650x400_81470669678-1MAMye.jpeg",650,400,false],"morenews-medium":["https:\/\/alertindianews.in\/wp-content\/uploads\/2025\/03\/atm-generic_650x400_81470669678-1MAMye-590x400.jpeg",590,400,true]},"author_info":{"display_name":"","author_link":"https:\/\/alertindianews.in\/?author=0"},"category_info":"Uncategorized<\/a>","tag_info":"Uncategorized","comment_count":"0","_links":{"self":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts\/112031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=112031"}],"version-history":[{"count":0,"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/posts\/112031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=\/wp\/v2\/media\/112032"}],"wp:attachment":[{"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=112031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=112031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alertindianews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=112031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}