RBI Hikes ATM Withdrawal Fees: What You Should Know

Updates on Interchange Fee and Customer Charges

The Reserve Bank of India (RBI) has updated the interchange fee and customer charges for ATMs and Cash Recycler Machines (CRMs). These changes will take effect on May 1, 2025.

Free Transactions Limit

• Each month, customers can make five free transactions at their own bank’s ATMs, including financial and non-financial transactions.
• At other bank ATMs, customers can make three free transactions in metro cities and five in non-metro areas.

Charges Beyond Free Limit

After exceeding the free transaction limit, customers may be charged up to Rs 23 per transaction, an increase of Rs 2 from the current fee of Rs 21.

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Stay updated on the new ATM withdrawal fees and plan your transactions wisely to avoid extra charges.