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ATM withdrawals to cost more: RBI revises fee from Rs 21 to Rs 23

TOI Business Desk / TIMESOFINDIA.COM / Mar 28, 2025, 17:23 IST
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The Reserve Bank of India (RBI) has updated the fee structure for transactions at ATMs and Cash Recycler Machines, increasing the charges by Rs 2. Effective from May 1, 2025, customers will have a limit of five free transactions at their own bank's ATMs and additional limited free transactions at other bank ATMs based on location.
ATM withdrawals to cost more: RBI revises fee from Rs 21 to Rs 23
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NEW DELHI: The Reserve Bank of India (RBI) on Friday announced a revision in the interchange fee and customer charges for Automated Teller Machines (ATMs) and Cash Recycler Machines (CRMs), increasing them by Rs 2 for transactions beyond the permitted free limit.. The new fee structure will come into effect from May 1, 2025.
As per the revised guidelines, customers are eligible to five free transactions per month (including both financial and non-financial transactions) at ATMs of their own bank. Additionally, they are allowed three free transactions at other bank ATMs in metro cities and five in non-metro locations.
Beyond these limits, customers may be charged up to Rs 23 per transaction

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TOI Business Desk

The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.

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