New ATM Withdrawal Charges from May 1, 2025
The Reserve Bank of India (RBI) has announced changes in ATM withdrawal rules, which will be effective from May 1, 2025. Customers exceeding their free transaction limits will have to pay higher fees for both financial and non-financial transactions.
Revised ATM Fees
PB.JOBSOFTODAY.IN| Transaction Type | Previous Fee | New Fee |
|---|---|---|
| Financial Transaction (Cash Withdrawal) | ₹17 per transaction | ₹19 per transaction |
| Non-Financial Transaction (Balance Inquiry, Mini Statement, etc.) | ₹6 per transaction | ₹7 per transaction |
Free Transaction Limits
Customers will continue to get a limited number of free ATM transactions per month at other banks' ATMs:
- Metro Cities: 5 free transactions per month
- Non-Metro Cities: 3 free transactions per month
Who Will Be Affected?
The increased charges will impact customers who frequently exceed their free withdrawal limits. People who rely heavily on ATMs for cash transactions will now have to pay more for each extra withdrawal beyond the free limit.
Conclusion
With the rising costs of ATM transactions, customers are advised to plan their withdrawals efficiently to avoid extra charges. Using digital payment methods and withdrawing cash in fewer transactions can help minimize additional fees.
