ATM Cash Withdrawal – Important news for SBI, PNB, HDFC and ICICI Bank customers. Actually these banks have issued a new guideline for their customers. Due to which it is very important for the account holders to know…

All major government and private banks across the country have made changes regarding cash withdrawal from ATMs. Now you will have to pay additional charges for withdrawing more than the prescribed ATM cash withdrawal in 1 month. This fee will have to be paid from Rs 20 to 22.

3 Transaction is free-

ATM Withdrawal also includes Financial and Non Financial Services. Normally 3 transactions are free in a month. After this, the rules and charges of different banks have been imposed.

Fee fixed at Rs 21 per transaction –

The Reserve Bank of India said in a circular last year that a fee of Rs 21 per transaction will be charged for withdrawing more money than the monthly free transaction. The new rule has come into force from 1 January 2022. Know about the limit and charge of ATM Transaction of some big banks. These banks include SBI, PNB, HDFC, ICICI Bank and Axies Bank.

This maximum limit in SBI

– for ATMs located in 6 metro cities – Delhi, Kolkata, Mumbai, Chennai, Bengaluru and Hyderabad, the maximum limit of free transactions for other bank ATMs is 3. Earlier offering unlimited transactions at SBI ATMs to accounts with a Monthly Minimum Balance (ABM) of Rs 25,000, this facility will now be available only to customers who maintain an ABM of Rs 50,000. The number of free transactions is limited to 3 in metro cities.

This change happened-

SBI charges a fee ranging from Rs 5 to Rs 20 depending on the ATM for transactions exceeding the free limit in SBI Transaction. For non-financial transactions over and above the free limit, customers are charged Rs 5 at SBI ATMs and Rs 8 at other bank ATMs, in addition to applicable GST rates. A charge of Rs 10 is levied on cash withdrawal transactions over and above the free limit at SBI ATMs. SBI charges Rs 20 per transaction for additional financial transactions at other bank’s ATMs. In addition to the fee, applicable GST is also charged to the customer’s account.

Charge of Rs 20 in PNB-

PNB gives 5 transactions free of cost in the month at ATM. Also, a charge of Rs 10 has to be paid for any financial transaction. Apart from PNB, the rules of transaction are different from ATMs of other banks. There is a rule of 3 free transactions in metro cities and 5 free transactions in non-metro cities in a month.

A charge of Rs 20 is levied for doing financial or non-financial transactions beyond the free limit from other bank’s ATMs. The rule of international transaction is different from this. Rs 150 plus applicable taxes are charged for international cash withdrawal. Rs 15 plus applicable taxes is charged for international balance enquiry.

HDFC Bank-

Only the first 5 withdrawals from HDFC Bank ATMs in a month are free. Rs 20 plus taxes per transaction for cash withdrawal, Rs 8.5 plus taxes for non-financial transactions. 3 free transactions allowed at any other bank’s ATM in 6 metro cities (Mumbai, Delhi, Chennai, Kolkata, Hyderabad and Bengaluru) and 5 free transactions (financial and non-financial) in a month at other locations Is.

Debit Card PIN Re-Generation charges Rs.50 (inclusive of applicable taxes). If you do not have money in your deck account and the transaction is declined, then it also gets charged. If the transaction is declined due to insufficient balance at other bank’s ATM or merchant outlet, then a charge of Rs 25 will have to be paid.

Rs 20 plus GST from ICICI –

The daily cash withdrawal limit is given to the account holder depending on the type of card and type of account. It ranges from Rs 50,000 to Rs 1.5 lakh. If withdrawal is made from ATMs of banks other than ICICI Bank, then a facility of Rs 10,000 per withdrawal is available. 5 transactions are free from ICICI ATM in a month. After that Rs 20 plus GST has to be paid on ATM withdrawal. This limit is for financial transactions while the charge for non-financial transactions is Rs 8.50 plus GST.

Axis Bank charges Rs 21 –

Daily Cash Withdrawal Limit is Rs 50,000, Daily POS Transaction Limit is Rs 1,25,000. If there is not enough balance in the account and the transaction declines, then a charge of Rs 25 will be levied. First 4 cash transactions of the month or Rs 1.5, whichever is earlier, comes under the free limit. Cash withdrawal up to Rs 25,000 is free in a day at non-home branches. For transactions more than this, Rs 5 per thousand will have to be paid. The rules for depositing or withdrawing cash in excess of the limit are different.

On depositing or withdrawing money from your account, you will have to pay Rs 5 per thousand or Rs 150, whichever is higher. 10 per thousand or Rs.150, whichever is higher, will be charged for depositing in third party account. 5 financial transactions are free in a month from Axis Bank ATMs and unlimited non-financial transactions are free. Financial and non-financial 3 transactions are free in metro cities. At other places, 5 transactions are free in a month. If cash is withdrawn from Axis and Non Axis ATMs outside the limit, then Rs 21 per transaction will have to be paid.

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