ATM Transaction fees: Withdrawing money from ATM will be expensive, HDFC, PNB and IndusInd Bank have issued new charges

ATM Rule: If you withdraw money from ATM, then now keep in mind how many rounds you are making to the ATM in a month. Reserve Bank of India (RBI) has implemented new rules for ATM transactions, which will be applicable across the country from May 1, 2025. Under this, changes have been made in the free transaction limit and the charges levied on additional transactions.

ATM Rule: If you withdraw money from ATM, then now keep in mind how many rounds you are making to the ATM in a month. The Reserve Bank of India (RBI) has implemented new rules for ATM transactions, which will be applicable across the country from May 1, 2025. Under this, changes have been made in the free transaction limit and the charge levied on additional transactions. Its purpose is to provide better operational facility to ATM networks.

What will be the free transaction limit?

RBI has made it clear that even now 3 free transactions will be available every month in metro cities and 5 free transactions will be available in non-metro cities. This limit will apply to both financial transactions like cash withdrawal and non-financial transactions like balance check, mini statement, PIN change etc.

How much will be charged after the free limit?

If you transact more than the free limit, then now you will have to pay Rs 23 (plus tax) on every additional transaction. This rule will apply to all ATMs.

What are the banks saying?

  • HDFC Bank has said that from May 1, on withdrawing cash from its ATM, transactions above the free limit will be charged Rs 23 + tax. At the same time, non-financial transactions like balance check, mini statement and PIN change will remain free.
  • PNB has said that after the free limit at ATMs of other banks, a charge of Rs 23 will be levied on financial transactions and Rs 11 (GST extra) on non-financial transactions. This change will come into effect from May 9, 2025.
  • IndusInd Bank has also informed that its savings, salary, NR and current account holders will have to pay Rs 23 per transaction for withdrawals from non-IndusInd ATMs after the free limit from May 1, 2025.

Advice for customers

Customers have been advised to keep an eye on their ATM transactions, especially when using another bank’s ATM. To avoid high charges, try to use your bank’s ATM as much as possible or resort to digital payments.

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