From May 1, ATM withdrawals beyond free limits will cost ₹23 per transaction, as RBI hikes the cap on bank charges.

The Reserve Bank of India (RBI) has introduced a revised framework for ATM transaction charges, effective from May 1, 2025.

Indian banks charge more for ATM use outside home banks. Withdrawals cost Rs 23 each; balance checks are now Rs 9 under RBI ...

Currently, each financial institution sets its own ATM usage limits, including, for example, 500,000 yen withdrawals per day and 1 million yen transfers per day. This would be the first time a ...

Education and awareness programmes offer better solutions to protect vulnerable citizens, writes a reader ...

RBI's revised ATM usage cost instructions effective May 1, 2025, allowing banks to charge ₹23 per transaction after free limit.

The RBI has increased the per cash withdrawal charge from ATM to Rs 23 and stated the permitted free transactions for customers in its circular dated March 28. The interchange fee per transaction will ...