The central bank has approved a Rs 2 increase in ATM interchange fees for financial transactions and Re 1 for non-financial transactions. Customers of smaller banks may feel the pinch more, as they ...

Mumbai: The Reserve Bank of India (RBI) has announced a significant change for ATM users, effective from May 1, 2025. Under the new guidelines, customers will be charged Rs 23 per transaction ...

The Reserve Bank of India on Friday permitted banks to increase charges on ATM cash withdrawals beyond the mandatory free monthly usage by Rs 2 to Rs 23 per transaction from May 1. Illustration ...

The Reserve Bank of India (RBI) has approved an increase in ATM interchange fees, raising charges by Rs 2 for financial transactions and Re 1 for non-financial transactions. The revision ...

Also Read: Check new charges here: ATM withdrawals to become costlier from May 1; minimum balance, credit card rules to be affected "Beyond the free transactions, a customer may be charged a ...

The State Bank of India (SBI) has announced significant changes to its ATM transaction charges and free usage limits. These ...

Starting May 1, customers will see a bump in ATM transaction charges across India. These charges apply once users exhaust their free monthly limits — five transactions in metro cities and three ...

The higher fees aim to compensate for the growing expenses of running ATM networks. From May 1, the fee for financial transactions beyond the free limit will rise by Rs 2, bringing the total charge to ...

The Reserve Bank of India has stated that as of May 1, 2025, customers utilising ATM banking services will incur a fee of Rs 23 per transaction, an increase from the previous amount of Rs 21 per ...

UPI transactions of up to ₹2,000 will be covered under the Centre’s scheme, according to the government. The Union Cabinet on Wednesday approved the extension of a ₹1,500 crore incentive for ...

This move aims to sustain ATM operators' business viability. Cardholders in major cities will still have a limited number of free transactions available. This fee, charged between card-issuing and ...

Transactions value is expected to increase at the rate of inflation. Adaptation of digital payments is largely in the urban and metro areas. ATM transactions are still prevalent in semi-urban and ...