ATM: Important news for SBI, PNB and HDFC customers, now you will have to pay this much charge for withdrawing money from ATM..
ATM Withdrawal Charges: ATM transaction rules are constantly changing. Banks have now increased the charges on cash withdrawal from ATM, which is effective from May 1. The Reserve Bank of India (RBI) approved these increased charges in April itself, making ATM use more expensive for customers now.
Banks give customers a limit to withdraw money from ATMs. This limit is different in metro cities and non-metro cities. After the free limit, you may have to pay up to Rs 2-3 for every additional transaction. This charge was earlier Rs 21 per transaction.
There is no change in the limit of free transactions from ATMs. At present, you get 5 free transactions at your bank's ATM every month. 3 free transactions are allowed at other bank ATMs in metro cities, and 5 free transactions in non-metro cities. This rule applies to all savings account holders.
SBI ATM Charges-
SBI has updated its ATM charge policy from 1 February 2025. At present, all customers get 5 free transactions at SBI ATMs and 10 free transactions at ATMs of other banks. If the average monthly balance of the customer is between Rs 25,000 to Rs 1 lakh, then they get 5 free transactions at ATMs of other banks.
Those whose AMB is more than Rs 1 lakh get unlimited free transactions at ATMs of SBI and other banks. After the free limit, Rs 15 + GST is charged at SBI ATMs, and Rs 21 + GST per transaction is charged at ATMs of other banks.
HDFC Bank ATM Charges-
After crossing the free limit, the ATM transaction fee has been increased to Rs 23 + tax. Charges are applicable only on cash withdrawals. There is no charge on non-financial transactions like balance inquiries, mini statements, and PIN changes.
Punjab National Bank-
After free transactions at PNB ATMs, customers are charged Rs 10 plus tax. At the same time, Rs 23 + tax is charged in metro cities and Rs 11 + tax in non-metro cities at ATMs of other banks. These changes have come into effect from 9 May 2025. (Punjab National Bank)
ICICI Bank-
ICICI Bank has not yet announced the ATM charge after the free limit. Currently, customers can do a total of 5 free transactions (both financial and non-financial) every month. After this, Rs 21 is charged on every financial transaction and Rs 8.50 + GST is charged on every non-financial transaction.
Yes Bank ATM Charges-
Five transactions are free every month at Yes Bank ATMs. After this, a fee of Rs 23 is charged on every transaction. A fee of Rs 10 is charged on non-financial transactions like balance checks.
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