RBI Announces Revision in ATM Withdrawal Charges Effective May 1, 2025
| Category | Details |
|---|---|
| Event | RBI revises ATM withdrawal charges |
| Effective From | May 1, 2025 |
| Previous Charge | Rs 21 per transaction |
| Revised Charge | Rs 23 per transaction (for withdrawals exceeding the monthly free limit) |
| Free Transactions | Own Bank's ATMs: 5 per month |
| Other Banks' ATMs (Metro): 3 per month | |
| Other Banks' ATMs (Non-Metro): 5 per month | |
| Interchange Fee | Financial Transaction: Rs 17 |
| Non-Financial Transaction: Rs 6 | |
| Applicability | Applies to cash recycler machines (excluding cash deposit transactions) |
| RBI Announcement Date | March 28, 2025 |
| Related Development | SBI Card revises reward points programme (Effective: March 31 - April 1, 2025) |