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ATM charges News

01 Jan 2022

ATM service fee increases from today; here’s how much extra you need to pay

Banks have been permitted to charge Rs 21, instead of Rs 20 with applicable taxes. The last change in interchange fee structure for ATM transactions was in August 2012. The charges payable by customers were last revised in August 2014.

01 Jan 2022

Here’s looking at 6 money-related changes effective from Jan 1

From paying more for ATM services to a big tweak in bank lockers rules, here are the six money-related changes coming into effect from January 1:

31 Dec 2021

Using ATM beyond free transactions to get expensive from Jan 1

Banking customers would be required to pay Rs 21 per transaction with effect from January 1, 2022 for transactions. Presently, banks are allowed to charge Rs 20 for such transactions through ATMs. The charges have been increased to meet the increasing cost of ATM deployment and expenses.

Reserve Bank of India

30 Jul 2021

ATM charges, Salary, pension, EMI payment rules changing in the next two days

New rules from August 2021. Rules deal with your everyday lives. Rules pertain to banking, financial and other sectors.

Reserve Bank of India

27 Jul 2021

These 5 rules impacting common man will change from August

From the month of August, several new rules will be implemented across banking, financial and other sectors --check them out.

14 Jun 2019

RBI tightens noose around banks, to impose penalty for keeping ATMs dry

Banks can not keep ATMs out of cash for more than 3 hours, doing which will attract heavy penalty.

14 Nov 2016

Demonetisation: Charges on all ATM transactions waived till December 30

In yet another move to lessen woes of people facing cash crunch, the RBI on Monday directed banks to waive ATM charges on all transactions done by savings bank customers till December 30.

Delhi High Court

24 Dec 2014

Why charge customers for using ATM: HC asks RBI

The Delhi High Court Wednesday issued notice to the Reserve Bank of India (RBI) on a plea against RBI`s decision to impose a limit of five transactions per month from the customers` own bank ATM and charging Rs.20 per transaction beyond it.

08 Dec 2014

ICICI Bank to hike ATM charges from January 1

After exceeding the free transaction limits, customers will have to pay Rs 20 per financial transaction excluding service tax and Rs 8.50 for every non-financial transaction.

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