Attention SBI, ICICI, Axis and HDFC Bank customers! Before doing ATM transaction read this news

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Check ATM transaction limit and charges: ATM transaction is very common these days and it has become a part of our daily life. But if you are unaware of the SpFi ATM transaction limits and fees by your bank, it can put a strain on your pocket

ATM transaction limits often depend on your account type and the debit card you are using. Explain that as per the rules of Reserve Bank of India (RBI), a charge is levied by each of the banks for ATM transactions. If you are a customer of SBI, HDFC, ICICI or Axis Bank, then know how much will be charged and what is the cash transaction limit?

What does RBI rule say?

1. RBI’s FAQ on ATM Transactions states that “Banks should allow their savings bank account holders to have at least five free transactions in a month, irrespective of the location of the ATM. Any number of non-cash withdrawal transactions will be provided free of cost.

2. ATMs in six metro cities namely Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi have different rules. Here the banks will provide at least three free transactions (including financial and non-financial transactions) in a month to the savings account holders.

3. RBI has stated that in addition to the six metro locations, banks are required to allow their savings bank account holders to make at least five free transactions (including financial and non-financial transactions) at other bank ATMs in a month. should offer.

1. SBI ATM Cash Transaction Limit and Fees

According to SBI’s website, “You can also transact at over 1.5 lakh ATMs of other banks connected to the National Financial Switch. As per RBI guidelines, you can transact at 6 metro centers (Mumbai, Delhi, Chennai, Kolkata, Hyderabad and Bengaluru). are entitled to 3 free transactions in a calendar month, 5 free transactions (financial and non-financial).” This rule is only for savings bank account holders.

Withdrawals from other bank ATMs after five transactions will attract Rs 20 plus GST and SBI ATMs will attract Rs 10+GST. For non-financial transactions beyond the prescribed limit, SBI will attract Rs 8 plus GST for ATMs of other banks and Rs 5 plus GST for SBI ATMs. SBI charges ₹20 plus GST for rejected transactions due to insufficient balance at both bank ATMs and other bank ATMs.

2. ICICI Bank ATM Transaction Transaction Limit

According to the ICICI Bank website, “Banks have decided to maintain a limit of ₹10,000/- per transaction for cash withdrawals from ATMs of other banks.” The first five transactions (both financial and non-financial) made by you at ICICI Bank ATMs are free of cost. After that, you have to pay. There will be a charge of Rs 21 for financial transactions and Rs 8.50 for non-financial transactions. The first three transactions (financial and non-financial) every month at non-ICICI Bank ATMs in six metro areas (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad) are free. Apart from this, the first five transactions (financial and non-financial) in other cities are free.

3. HDFC Bank ATM Cash Transaction Limit and Fees

According to HDFC Bank’s website, “The cash withdrawal limit for use at the issuing bank’s ATM is determined by the bank at the time of issuance of the card. For cash withdrawal from other bank’s ATMs, a maximum limit of ₹10,000 per transaction is set. HDFC Bank offers 5 free transactions per month for savings and salary account at Bank ATMs. 3 free transactions at Metro ATMs and 5 free transactions at Non-Metro ATMs for other banks. If you opt for free transactions. HDFC Bank charges Rs 21 plus GST for cash withdrawals more than the specified number, whereas for non-financial transactions, Rs 8.50 plus GST is charged.

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