ATM withdrawal fee Most banks offer 5 free transactions per month to customers. If it is not used then this limit does not carry over to the next month. State Bank of India offers 5 free transactions (including non-financial and financial) at its ATMs for average monthly balance above Rs.25000.
All banks in the country offer a certain number of ATM transactions free of cost to their customers every month. If this limit is exceeded within a month, customers will have to pay extra on every ATM transaction, be it financial or non-financial.
As per the latest RBI guidelines, banks can charge a maximum of Rs 21 per withdrawal over and above the number of free transactions. Come, let us know which banks give the limit of how many transactions in a month and after that how much charge you will have to pay.
How many transactions will be free in a month?
Most of the banks offer 5 free transactions every month to the customers. If it is not used, the limit does not carry over to the next month. Come, let us know about the rules of some major banks of the country.
Punjab National Bank ATM
PNB allows 5 free transactions every month at its ATMs in both metro and non-metro areas. After this, customers will have to pay Rs 10 on every transaction. At the same time, PNB offers three free transactions in metro cities and five in non-metro cities at ATMs of other banks. After this, the bank will charge Rs 21 plus taxes for financial transactions. PNB will charge Rs 9 plus taxes for non-financial transactions.
SBI ATM
State Bank of India offers 5 free transactions (including non-financial and financial) at its ATMs for average monthly balance above Rs 25,000. Transactions above this amount are unlimited. A fee of Rs 10 plus GST is charged at SBI ATMs for financial transactions over and above the limit. At other bank ATMs, it is Rs 20 plus GST per transaction.
ICICI Bank ATM
ICICI Bank allows its customers 3 free transactions every month, 5 in non-metro areas and 6 in metro areas. After that, Rs 8.5 is charged for every non-financial transaction and Rs 21 for every financial transaction at ICICI Bank ATMs.
