ATM Withdrawal Rules May 2025: Today i.e. 1st May, the rules regarding ATM are going to change. Banks will now charge more for withdrawing money from ATM.
The Reserve Bank of India (RBI) has approved the increase in charges for ATM transactions, which will come into effect from today i.e. May 1, 2025. This means that withdrawing money from ATM will cost more money than before. HDFC Bank, PNB Bank, IndusInd Bank, Kotak Mahindra andSBI Like big banks have already notified their customers about this change.
ATM Withdrawal Rules May 2025: You will have to pay more charge
RBI has decided to increase the fee for withdrawing money from ATM. Now, if you withdraw cash from ATM after the free limit, you will have to pay more charges than before. Every month the bank gives 5 free transactions to its customers. In metro cities, 3 free transactions are available from ATMs of other banks, while in non-metro cities this limit is 5. If you make transactions more than the free limit, then now you will have to pay Rs 23 (plus tax) on every extra transaction. This rule will be applicable on all ATMs. From today, there has been an increase of Rs 2 on every additional transaction.
ATM Free Transaction Limit: This is how much free limit you get
RBI has not made any change in the free transaction limit. That is, you can still do 5 free transactions from your bank’s ATM. 3 free transactions will continue to be available from other banks’ ATMs in metro cities, and 5 free transactions in non-metro cities. But the increase in ATM charges will affect the customers of small banks the most. Small banks have fewer ATMs, and their customers depend on the ATM network of big banks, due to which they will have to face higher charges.
The number of notes will be increased in ATM
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