ATM Cash Withdrawal Charges Increased: Big banks increased the charges for withdrawing money from ATM, check here new rules

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ATM Withdrawal Limit Per Day: All major government and private banks across the country have made changes regarding ATM Cash Withdrawal. Now you will have to pay additional charges for withdrawing more than the prescribed ATM cash withdrawal in 1 month. This fee will be 20 to 22 rupees.

3 Transactions Free

ATM Withdrawal also includes Financial and Non Financial Services. Usually 3 transactions in a month are free. After this, the rules and charges of different banks have been imposed.
Fee fixed at Rs 21 per transaction

The Reserve Bank of India said in a circular last year that a fee of Rs 21 per transaction will be levied on withdrawal of more money than monthly free transactions. The new rule has come into effect from 1 January 2022. Know about the limits and charges of ATM transactions of some big banks. These banks include SBI, PNB, HDFC, ICICI Bank and Axis Bank.

This maximum limit in SBI is for ATMs located in 6 metro cities – Delhi, Kolkata, Mumbai, Chennai, Bengaluru and Hyderabad, the maximum limit for free transactions is 3 for other bank ATMs. Earlier, unlimited transactions at SBI ATMs were offered to accounts with a monthly minimum balance (ABM) of Rs 25,000, this facility will now be available to only those customers who maintain an ABM of Rs 50,000.
The number of free transactions in metro cities is limited to 3. This change has taken place in SBI Transaction (SBI Transaction) for transactions more than the free limit, depending on the ATM (ATM) charges ranging from Rs 5 to Rs 20. For non-financial transactions above the free limit, customers are charged Rs 5 at SBI ATMs and Rs 8 at other bank ATMs in addition to the applicable GST rates.
A charge of Rs 10 is levied on cash withdrawal transactions over and above the free limit at SBI ATMs. SBI charges Rs 20 per transaction for additional financial transactions at other bank’s ATMs. Apart from charges, applicable GST is also charged from the customer’s account. A charge of Rs 20 in PNB gives 5 free transactions in a month at PNB ATMs. Also, for any financial transaction, a charge of Rs 10 has to be paid.
Apart from PNB, the rules for transactions from ATMs of banks other than PNB are different. There is a rule of 3 free transactions in a metro city and 5 free transactions in a non-metro city in a month. There is a charge of Rs 20 for doing financial or non-financial transactions after the free limit from other bank’s ATMs.
The rule of international transaction is different from this. 150 rupees plus applicable tax is charged for international cash withdrawal. Rs 15 plus applicable tax is levied for international balance enquiry. HDFC Bank Only first 5 withdrawals from HDFC Bank ATMs in 1 month are free. Rs 20 plus tax per transaction for cash withdrawal, Rs 8.5 plus tax for non-financial transactions.
3 free transactions are allowed in any other bank’s ATM in 6 metro cities (Mumbai, Delhi, Chennai, Kolkata, Hyderabad and Bengaluru) and 5 free transactions (financial and non-financial) are allowed at other locations in a month Is. The fee for Debit Card PIN Re-Generation is Rs.50 (with applicable taxes).
If you do not have money in the deck account and the transaction is declared, then it also gets charged. If there is not enough balance in other bank’s ATM or merchant outlet, if the transaction is rejected, then a charge of Rs 25 will have to be paid.
Daily cash withdrawal limit is given to the account holder from ICICI to Rs 20 plus GST card type and account type. It ranges from Rs 50,000 to Rs 1.5 lakh. 10,000 per withdrawal facility is available if withdrawal is made from ATMs of banks other than ICICI Bank. 5 transactions free from ICICI ATM in a month. After that ATM withdrawal has to be paid Rs 20 plus GST. This limit is for financial transactions while the charge for non-financial transactions is Rs 8.50 plus GST.

Rs 21 charge in Axis Bank Daily cash withdrawal limit is Rs 50,000, Daily POS Transaction Limit is Rs 1,25,000. If there is not enough amount in the account and if the transaction is declined, then a charge of Rs.25 will be levied. 4 initial cash transactions of the month or Rs 1.5, whichever is earlier, comes in the free limit. Cash withdrawal of Rs 25,000 is free in a day at non home branches. For transactions above this, Rs 5 will have to be paid per thousand. The rules for depositing or withdrawing cash in excess of the limit are different. On depositing or withdrawing money in your account, you will have to pay Rs 5 per thousand or Rs 150, whichever is higher. Rs 10 per thousand or Rs 150, whichever is higher, will be charged on deposit in third party account. 5 financial transactions in a month are free and unlimited non-financial transactions are free from Axis Bank ATMs. Financial and non-financial 3 transactions are free in metro cities. In other places 5 transactions in a month are free. If cash is withdrawn from Axis and Non-Axis ATMs outside the limit, then Rs 21 will have to be paid per transaction.

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