New ATM Withdrawal Charges effective from 1st May 2025
The Reserve Bank of India (RBI) has revised withdrawal charges which is effective from 1st May 2025. After concluding the free monthly limit, customers will have to pay Rs 23 per Transaction at ATM.
Key highlights of new ATM withdrawal charges effective from 1st May, 2025
Rs 23 will be charged on each cash withdrawal after the free limit.
5 free ATM Transaction at own-Bank ATMs for every month.
3 free Transaction at other bank ATMs in metro cities.
5 free transaction at other bank ATMs in non-metro cities.
Applicable to saving account holders across all banks in India.
What are ATM Withdrawal Charges?
ATM Withdrawal charges refer to fees levy by bank when customer use ATM beyond a specified number of Transaction in a month. These charges apply to cash withdrawals, balance Enquire and other ATMs.
Why RBI Increased ATM Charges?
The Reserve Bank of India RBI has allowed bank to increase ATM charges to cover rising cost such as maintaining ATMs, upgrading security system, managing operations have become more expensive over time.
Higher ATM charges are expected to support banks in maintaining ATM network and providing safer service to the customers.
Impact of ATM Withdrawal charges on Pocket of Customer
The increase in ATM charges from Rs 21 to Rs 23 per Transaction may lead to increase in Rs 2 for Customers who frequently withdraw cash. Panning visit ATM Carefully, using digital modes like UPI, Net banking, Cheque etc.
Overview of ATM withdrawal changes Before and after 1st May 2025
Particulars
Before 1st May 2025
After 1st May 2025
Fees after free Transaction
Rs 21 per Transaction
Rs 23 Per Transaction
Free Transaction per Month
5 at own-bank ATMs, 3-5 at other- Bank ATMs
5 at own-bank ATMs, 3-5 at other-bank ATMs
Applicability
All scheduled commercial Banks
All Scheduled Commercial Bank
Frequently asked Question FAQ’S
1. New ATM withdrawal charges applicable to current account or saving account?
It is applicable only for saving account.
2. New ATM charges applicable on only cash Withdrawal?
No, new ATM charges applicable on every ATM Transaction like, balance Enquiry, mini-statement, Cash-Withdrawal etc on every ATM Transaction is countable.
3. New ATM charges applicable to Individual only or other person also?
Yes, It is applicable to all types of person who is operating savings account. Whether they are Individual, Company, Trust, Society, HUF etc.
