Atm cash withdrawal charges: In today’s era, very few people keep more cash with them. But still some such works are done. For which you need to keep some cash with you. Many times people suddenly need cash. So people take cash withdrawn using ATM cards.
Some rules have been set to withdraw cash from ATMs. Which are equally applied to all banks. Banks give you the facility to free some ATM transactions. A limit is fixed for this. After crossing that limit, you have to pay the charge. But now that charge has been increased by RBI. Know how much will be paid now.
Charge increased to withdraw cash from ATM
All the banks present in the country give their customers the facility to free some transactions through ATMs. If someone transactions from the bank’s ATM itself. So he can do five in a month. For example, if a SBI account holder comes out of SBI’s ATM. So he can withdraw free money 5 times. On the other hand, if someone withdraws money from the ATM of another bank. That is, if SBI’s customer withdraws money from Axis Bank’s ATM.
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So one month can do this only three times. After this, he will have to pay the charge. If you live in the metro city, you can free 3 free transactions in a month and 5 free transactions in Non-Metro City. Let me tell you that on crossing the free transaction limit, there was a payment of Rs 21 per transaction. But now it has been increased by 2 rupees. That is, now Rs 23 will have to be paid per transaction for this.
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New rules will be applicable from this date
Explain that information about new charges has been given by RBI. However, new charges have not been implemented yet. These new rules will be applicable from 1 May 2025. If you talk, the free transaction limit of your ATM has crossed and you need to withdraw cash, then you can also withdraw cash from ATM through UPI QR. Nowadays you are getting this facility in almost every ATM.
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