Desk
Share
Atm Charge Changes 2025: Starting May 1, 2025, using ATMs not affiliated with one’s primary bank will become more expensive. The Reserve Bank of India (RBI) has sanctioned a recommendation from the National Payments Corporation of India (NPCI) which leads to increased costs for ATM transactions after surpassing the stipulated free transaction limit.
Revised Charges for ATMs
Cash Withdrawal: Cash Will Cost more - the fees charged for cash withdrawals at another bank’s ATM will be raised from Rs 17 to Rs 19
Balance Enquiry: Checking Another Bank’s ATM Balance – will incur an increased charge of Rs 9 from Rs 7, resulting in a two-rupee hike.
Currently, banks offer their customers five transactions for free at other bank ATMs in metro cities and three in non-metro cities. After this limit, users will incur the updated costs.
What Justifies Higher ATM Charges
Most increases in the amount charged at ATMs is affiliated with the heightened maintenance and operational expenditure of ATM networks and white-label ATM firms; these entities pressured the NPCI to increase the interchange fee which has been accepted by the RBI as put forth by NPCI.
Effect on Customers of Banks
These revised charges will be most acutely felt by customers of transit banks that heavily rely on other banks' ATM networks. Customers that withdraw funds or check balances at ATMs other than their home bank’s will incur greater costs. To manage these added expenses, customers are advised to use the banks’ ATMs or adopt cashless payment systems.
SBI's Early Adoption
Also, with SBI’s implementation on February 1, 2025, other banks have not yet adopted such policies for the rest of their clientele. But as per RBI directives, these additional costs will come into effect uniformly from all banks from May 1, 2025.
