ATM fees

The central bank will compensate banks for the increased interchange fee and the general increase in ATM operational costs. The Reserve Bank of India recently authorised banks to raise ATM fees levied on customers after their free…

Free ATM Withdrawal From Other Banks Ends; No Waiver For Minimum Balance Fees! As we all know, many of the rules of financial services were changed at the beginning of the lockdown so that people’s financial transactions wouldn’t be…

Pay Rs 24 For Rs 5000 or Higher ATM Withdrawal; Extra Fees For Metros (Suggestions By Panel) As per the reports, a Reserve Bank of India panel, set up in June last year, recommended a population-based approach for fixing ATM interchange…

Update: We have been getting many calls and emails stating that "ATM usage for home bank is still free. However, various media reports suggest that it is capped at 5 for Metro cities. On the other hand, RBI circular is slightly confusing as…

ATMs are popular, very popular and the reason is obviously that it makes it super easy for any individual to withdraw cash any time they want. But the main reason is also because ATM transactions are free! But looks like very soon you…