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Banks Levy These Charges For ATM Card Transactions, Other Services

Lenders such as SBI, HDFC Bank and ICICI Bank offer a certain limited number of ATM card transactions free of cost every month.

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Banks Levy These Charges For ATM Card Transactions, Other Services

ATM card transaction charges: Banks have set certain rules for making transactions at ATMs


Major banks, from state-run State Bank of India (SBI) to private sector peers ICICI Bank and HDFC Bank, have set certain rules for making transactions at ATMs. These lenders offer a certain limited number of ATM card transactions free of cost every month. Customers exhausting the permitted number of free transactions in a particular month are charged for additional ATM transactions. Such ATM card charges levied  by the banks depend on factors such as the type and nature of ATM - - whether the ATM belongs to the bank's own network or outside of it and whether it is located in a metropolitan or any other city within the country. Additionally, banks have also set certain charges for the issuance and annual maintenance of their ATM cards.

Here's a comparison of various types of ATM-cum-debit card charges levied by SBI, HDFC Bank and ICICI Bank:

State Bank of India (SBI)

SBI offers several types of ATM-cum-debit cards. These ATM cards enable customers to make cash withdrawals up to a certain limit. For example, SBI's Global International debit card allows customers to withdraw up to Rs 40,000 per day,

. Here are the various charges of SBI's ATM cards, according to bank's website - sbi.co.in:

Debit Card Issuance ChargesNormal (Classic/Global)Nil
Gold Debit Card100/- (including tax)
Platinum Debit Card306/- (including tax)
Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards)Classic Debit Card100/- plus tax
Silver/Global /Yuva /Gold Debit Card150/- plus tax
Platinum Debit Card200/- plus tax
Pride/Premium Business Debit Card300/- plus tax
Debit Card Replacement ChargesRs.204/- (including tax)
Duplicate PIN/ Regeneration of PINRs.51/- (including tax)
Domestic Transaction ChargesTransactions at State Bank Group ATMsFree
Other Bank ATMs - Up to 5 Transactions during a calendar month (for savings bank account only)Free
Other Bank ATMs – Beyond 5 transactions(in Savings account) AND other than savings account:
Financial Transaction:17/- (including tax)
Non-Financial Transaction6/- (including tax)

HDFC Bank

HDFC Bank allows the first five transactions in a month free of cost at its own ATMs. In case of metro-ATMs of other banks, the bank allows the first three transactions in a month free of cost. In case of non-metro ATMs, the customers are allowed the first five transactions in a month free of cost.

Here are the various charges of HDFC Bank's ATM cards, according to bank's website - hdfcbank.com:

ATM / DEBIT CARD RELATED CHARGES
ATM cardNo Charge
ATM card - Replacement chargesReplacement of a lost card - Rs. 200 (plus taxes)
ATM card - Transaction charge - non HDFC Bank domestic ATMsNo Charge up to the permitted limit (effective 1st Dec 2014)
Debit Card - Annual Fee - RegularRs. 150 per year (plus taxes) (w.e.f. 25th Dec'14)
Debit Card - Renewal Fee - RegularRs. 150 per year (plus taxes) (w.e.f. 25th Dec'14)
Debit Card - Annual Fee - PlatinumRs. 750 per year (plus taxes) (w.e.f. 1st June'15)
Debit Card - Renewal Fee - PlatinumRs. 750 per year (plus taxes) (w.e.f. 1st June'15)
Debit Card - Replacement chargesReplacement/Reissuance Charges for Debit Cards - Rs.200 plus applicable taxes
Add-on debit card - RegularOne add-on card - No Charge for the first year
Rs. 150 per year (plus taxes) (w.e.f. 25th Dec'14)
Debit Card - Transaction charge - HDFC Bank ATMsNo Charge
Debit Card - Transaction charge - non HDFC Bank domestic ATMsFirst 5 Transactions Free across all Cities
Transactions over and above free limit will be charged as under:
Cash withdrawal - Rs. 20 plus applicable taxes (W.e.f 1st Nov'17)
Non-Financial Transaction - Rs. 8.5 plus applicable taxes (W.e.f 1st Nov'17)
PIN regeneration chargeRs. 50 (plus taxes)
Number of Cash transactions4 free cash transactions per month
(Cumulative of Deposit and Withdrawal)5th transaction onwards - Rs.150/- per transaction plus applicable taxes (W.e.f 1st Nov'17) would be levied
Value of Cash transactionsAny HDFC Branch
(Cumulative of Deposit and Withdrawal)2 lakh - Free per month per account.
Above 2 lakh - Rs.5/- per thousand or part thereof, subject to a minimum of Rs.150/- plus applicable taxes (W.e.f 1st Nov'17)
Third party Cash transactionUpto a limit of Rs.25,000/- per day - Rs.150/- plus applicable taxes (W.e.f 1st Nov'17)
(Cumulative of Deposit and Withdrawal)Above Rs.25,000/- not allowed

ICICI Bank

For transactions at ICICI Bank ATMs, the bank allows the customer the first 5 transactions in a month free of cost. Individuals are permitted to make the first three transactions in a month free of cost at a non-ICICI Bank metro ATM. In case the ATM is located in any other city within the country, the bank allows five transactions a month without any charges.

Here are the various charges of ICICI Bank's ATM cards as stated on bank's website - icicibank.com: 

Transaction typeTransaction charges
Joining FeeRs. 250 + GST as applicable
Annual FeeRs. 250 + GST as applicable
Lost card replacementRs. 199 + GST as applicable
Cash withdrawal from ICICI Bank ATM'sFree
Cash withdrawal from Non ICICI Bank ATM'sRs. 20 per withdrawal + GST as applicable
Balance Inquiry from ICICI Bank ATM'sFree
Balance Inquiry from Non ICICI Bank ATM'sRs. 8 per inquiry + GST as applicable

India Post, which has a network of more than 1.5 lakh post offices across the country, also offers an ATM card facility with its savings accounts.

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