ATM Withdrawal Rules: Big News….! ATM withdrawal new charges applicable from today, check new fee & free limits

Jyoti — Thu, 01 May 2025 05:02:14 +0000

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

RBI has instructed all banks and white-label ATM operators to increase the number of 100 and 200 notes in ATMs. Under this, 75% of ATMs should have 100 and 200 notes in at least one cassette by 30 September 2025. After this, this facility should be available in 90% of ATMs by 31 March 2026. After this instruction, those people will benefit who need 100 and 200 notes more than 500 notes. Now they will be able to easily withdraw these notes from ATMs.

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ATM Withdrawal Rules Changed: New rules have been implemented on ATM from today, charges will be imposed

Pravesh Maurya — Mon, 08 May 2023 15:01:40 +0000

Many changes take place in the country from the first date of every month. The month of May has started from today. Many changes have happened since the first date of May. This will directly affect the pocket of the common man.

These changes include many things from GST rules to ATM transactions etc. Now the companies will have to upload the electronic invoice on the IRP within seven days of the issue of the electronic invoice. PNB’s ATM transaction failure will also be charged from today. Brokers will not be able to take bank guarantees from clients’ money. At the same time, Tata and Audi increased the prices of their vehicles. Let us tell you about the changes from today.

Charges will be levied if ATM transaction fails

Punjab National Bank (PNB) customers are going to get a big shock. If a PNB customer does not have money in his account and does a transaction from an ATM and it fails, the bank will charge for this transaction. Rs 10 and GST will be charged separately on such transactions. Information in this regard has been given by sending messages to the customers on behalf of the bank. Apart from this, a notice has also been issued on the bank’s website. This rule is coming into force from 1 May 2023.

Tata Motors again increased the prices of cars

In terms of sales, the country’s number-3 car company Tata Motors has announced that it is going to increase the prices of all its cars and their models. The company is increasing the prices of all its models by up to 0.6 percent. Tata has increased the prices for the second time this year. Audi is also going to increase the prices of its vehicles. Luxury SUVs Q3 and Q3 Sportback will see a price hike of up to Rs 1 lakh. The Audi Q8 Celebration, Audi RS5 and the Audi S5 will see a price hike of up to Rs 4 lakh.

Brokers will not be able to take new bank guarantees from customers’ money

Brokers used to keep investors’ funds with the bank for guarantee as per their requirement and in such a situation there was a possibility of misuse of common investors’ money. But from May 1, brokers will not be able to do so. Markets regulator SEBI, in a recent circular, has mandated that stock brokers and clearing members can no longer pledge client money with banks as a guarantee. The existing bank guarantee, which is now, will be canceled by 30 September.

Receipt will have to be uploaded in 7 days

Companies whose total turnover is Rs 100 crore or more will now have to upload the electronic invoice ie receipt on the Invoice Registration Portal ie IRP within 7 days from May 1. Till now there was no such deadline. GST Network said that in order to ensure timely compliance, taxpayers falling within the prescribed turnover limit will not get the facility to report uploading of invoices older than seven days. Those who do not do this will not be able to take advantage of Input Tax Credit ie ITC.