RBI made ATM withdrawal limit and fee rules, customers of SBI, ICICI and HDFC should know the fee before the transaction

ATM withdrawal limit : RBI has framed the rules of limits and fees for ATM withdrawals, on the basis of which banks have fixed their charges. In fact, the ATM transaction limit often depends on your account type and the debit card you are using. If you are a customer of SBI, HDFC, ICICI or Axis Bank, then let us know how much will be charged and what is the ATM cash transaction limit of your bank?

As per RBI rules, there are different rules for ATMs in six metro cities like Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi. There will be at least three free transactions (including financial and non-financial transactions) in a month, while elsewhere, banks will allow their savings bank account holders to make at least five free transactions (financial and non-financial transactions) Will be.

According to the information given on SBI’s website, you can do 3 free transactions in 6 metro centers (Mumbai, Delhi, Chennai, Kolkata, Hyderabad and Bangalore). Whereas in other places 5 free transactions (financial and non-financial) can be done in a month. 20+GST applicable for withdrawing money from other bank’s ATMs after five transactions and 10+GST applicable on SBI ATMs. This includes Rs 8 plus GST for ATMs of other banks for non-financial transactions in excess of the limit and Rs 5 plus GST for SBI ATMs.

As per the information on the HDFC Bank website, HDFC Bank offers 5 free transactions per month for savings and salary accounts at bank ATMs, 3 free transactions at Metro ATMs and 5 free transactions at non-metro ATMs for other banks . If you make more than the specified number of free transactions, HDFC Bank charges Rs 21 plus GST, while for non-financial transactions, Rs 8.50 plus GST.

As per the information given on the ICICI Bank website, the first five transactions (both financial and non-financial) done at ICICI Bank ATMs are free. After that, you will be charged Rs 21 for withdrawal and Rs 8.50 for non-financial transactions. In this too, the first three transactions (financial and non-financial) every month at non-ICICI Bank ATMs in six metro areas (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad) are free as per RBI norms. Apart from this, the first five transactions (financial and non-financial) in other cities are free.

Regarding withdrawal from ATMs, RBI has said that banks should allow at least five free transactions in a month to their savings bank account holders. Wherever the ATM will be located, non-cash withdrawal transactions will be provided free of cost. That is, RBI is friendly to customers regarding ATM rules.