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Extra ATM transactions to get costlier from May

Business Standard

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March 29, 2025

Banks to charge customers ₹23 per withdrawal beyond free transactions limit

- SUBRATA PANDA

Extra ATM transactions to get costlier from May

Starting May 1, customers will have to pay ₹23 per transaction at ATMs (automated teller machines) beyond the fixed number of free transactions provided by their banks.

Currently, banks charge ₹21 per transaction for exceeding the free limit.

Customers are eligible for five free transactions, inclusive of financial (cash withdrawal) and non-financial transactions (balance enquiry, etc) every month from their own bank ATMs.

They are also eligible for three free transactions from other bank ATMs in metro centres and five transactions in non-metro centres.

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