Many people are charged while withdrawing cash from ATM, while some transactions are also given for free. If you are a customer of SBI, HDFC and ICICI or other banks, then you must know about the latest bank transaction limit and charges, because the Reserve Bank of India (RBI) has made it mandatory to have a minimum number of free transactions at ATMs in a month. Have given. However, banks can offer more free transactions to their customers.
RBI’s FAQ states that banks should offer their savings bank account customers at least five free financial transactions at an ATM, irrespective of the location of the ATM. Any number of non-cash withdrawal transactions will be provided free of cost.
Transactions at ATMs of any other bank in metro cities: Banks are required to allow their savings bank account holders to make at least three free transactions (financial and non-financial) every month at ATMs located in six metro cities of Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad. including financial transactions).
Transactions at ATMs of any other bank in non-metro cities: Banks are required to allow savings bank account holders to make at least five free transactions (financial and non-financial transactions) using other bank ATMs in a month at any location other than six metro cities. including).
Free for customers with monthly balance up to Rs 1 lakh on the number of ATM transactions that Bank of India, ICICI Bank and HDFC Bank customers get in a month.
How much does SBI charge
SBI charges fees for transactions above the free limit depending on the type of transaction and ATM. Customers are charged Rs 5 at SBI ATMs and Rs 8 at other bank ATMs for non-financial transactions that exceed the free limit, in addition to applicable GST rates. The fee for financial transactions over and above the prescribed limit is Rs 20 for transactions done at other bank’s ATMs and Rs 10 for transactions done in SBI. 20 plus GST is levied on all banks on fall in transactions due to insufficient balance. Note that GST is applicable at 18 per cent.
HDFC Bank ATM Transaction Charges
HDFC Bank Free ATM Transactions For savings and salary account customers, the number of free transactions per month is limited to 5. ATM transaction charges over the free limit will be charged at the rate of Rs 21 plus tax, non-financial transactions over the limit will be charged Rs 8.50 plus applicable taxes. The number of free transactions per month at other bank ATMs is limited to 3 in metro areas and 5 in non-metro areas.
ICICI Bank Free ATM Transactions
Savings bank account holders are given 5 free financial transactions per month and all non-financial transactions in ICICI Bank are free. According to the bank’s website, the cost of cash withdrawal from ICICI Bank ATM is Rs 21 per transaction. A maximum of 5 transactions (including financial and non-financial transactions) will be allowed per calendar month with a limit of 3 free transactions in 6 metro locations at other bank ATMs.