In today’s era, very few people keep more cash with them. But still some such works are done. For which you have to keep some cash. Many times people suddenly need cash. Therefore people withdraw cash using ATM cards.
Some rules have been set to withdraw cash from ATMs. Which are equally applied to all banks. Banks allow you to do some ATM transactions free of cost. A limit has been fixed for this. After crossing that limit, you have to pay a fee. But now RBI has increased that fee. Know how much charge you will have to pay now. All the banks present in the country provide the facility to make some transactions free through ATMs. If a person transactions from the bank’s ATM itself. So he can do five things in a month. For example, if an SBI account holder withdraws money from SBI ATM. So he can withdraw free money 5 times. On the other hand, if a person withdraws money from another bank’s ATM. That is, if an SBI customer withdraws money from Axis Bank’s ATM.
Therefore, this can only be done three times in a month. After this, he will have to pay the charge. If you live in the metro city, you can make a maximum of 3 free transactions in a month, and you can do 5 free transactions in non-Metro cities. Let us tell you that earlier, on crossing the free transaction limit, one had to pay Rs 21 per transaction. But now it has been increased by 2 rupees. That is, now you have to pay Rs 23 per transaction for this.
Let us tell you that information about new charges has been given by RBI. However, new fees have not yet been implemented. These new rules will be applicable from 1 May 2025. If you have crossed the free transaction limit of your ATM 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.
