ATM Rule: If you withdraw money from ATM, then now keep in mind how many rounds you are making to ATM in a month. Reserve Bank of India (RBI) has implemented new rules for ATM transactions, which will be applicable across the country from May 1, 2025. Under this, changes have been made in the free transaction limit and the charge on additional transactions.
ATM Rule: If you withdraw money from ATM, then now keep in mind how many rounds you are making to ATM in a month. Reserve Bank of India (RBI) has implemented new rules for ATM transactions, which will be applicable across the country from May 1, 2025. Under this, changes have been made in the free transaction limit and the charge on additional transactions. Its purpose is to provide better operational facility to ATM networks.
What will be the free transaction limit?
RBI has made it clear that even now 3 free transactions will be available every month in metro cities and 5 free transactions will be available in non-metro cities. This limit will apply to both financial transactions like cash withdrawal and non-financial transactions like balance check, mini statement, PIN change etc.
How much charge will be levied after the free limit?
If you transact more than the free limit, then now you will have to pay Rs 23 (plus tax) on every additional transaction. This rule will apply to all ATMs.
What are the banks saying?
HDFC Bank has said that from May 1, Rs 23 + tax will be levied on transactions exceeding the free limit on withdrawing cash from its ATM. At the same time, non-financial transactions like balance check, mini statement and PIN change will remain free.
PNB has said that after the free limit at ATMs of other banks, a charge of Rs 23 will be levied on financial transactions and Rs 11 (GST extra) on non-financial transactions. This change will come into effect from May 9, 2025.
IndusInd Bank has also informed that its savings, salary, NR and current account holders will have to pay Rs 23 per transaction for withdrawals from non-IndusInd ATMs after the free limit from May 1, 2025.
Advice for customers
Customers have been advised to keep an eye on their ATM transactions, especially when using another bank’s ATM. To avoid high charges, try to use your bank’s ATM as much as possible or resort to digital payments.
Most Read Articles:
- Bank closed for 3 days : Big news! Banks will remain closed for 3 consecutive days from today, Know where the holidays will be held
- Tax Rebate: Good news for employees! Your in-hand salary will increase from April, you will get benefit from tax rebate and new slab
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
