Mumbai: The Reserve Bank of India on Friday said that the ATM withdrawal fee will increase by ₹2 to ₹23 per transaction beyond the free usage limit, effective May 1. 

"Beyond the free transactions, a customer may be charged a maximum fee of ₹23 per transaction. This shall be effective from May 1, 2025," the RBI said in a circular.

Customers are eligible for five free transactions each month from their own bank ATMs, including both financial and non-financial transactions. They are also entitled for free transactions from other bank ATMs, three transactions in metro centres and five in non-metro centres.

Currently, banks are allowed to charge ₹21 per transaction after a customer has exhausted the free transaction limit.

ADVERTISEMENT

TAGS

Google News Add as a preferred source on Google
Disclaimer: Comments posted here are the sole responsibility of the user and do not reflect the views of Onmanorama. Obscene or offensive remarks against any person, religion, community or nation are punishable under IT rules and may invite legal action.