ATM Cash Withdrawals To Be Expensive From Today; Check Here

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New Delhi: Bank customers will now have to pay more for their ATM transactions once the free monthly limit gets exhausted, as per the new rule by the RBI.

The Reserve Bank of India (RBI) had announced that the cash withdrawal charges on ATMs will be hiked from 1 January 2022.

Lenders like ICICI Bank, HDFC Bank and Axis Bank have updated their website regarding the increased charges for cash and non-cash ATM transactions beyond the free monthly permissible limit for the users.

As per the fresh guidelines issued by the RBI, the customers will have to pay more for their ATM transactions after the free monthly limit gets exhausted.

In this regard, the Reserve Bank of India (RBI) had earlier announced that the cash withdrawal charges on ATMs will be increased from 1 January 2022. After receiving the guidelines from the RBI, other banks such as ICICI Bank, HDFC Bank and Axis Bank have updated their respective websites regarding the new charges for cash and non-cash ATM transactions. However, the banks customers must know 5 things about the new ATM transaction rules.

In its guidelines, the RBI has allowed the commercial banks to increase the charges for cash and non-cash ATM transactions beyond the free monthly permissible limit from January 2022.

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