Here's How Much ATM Transactions Cost After You Exhaust Limit
The Reserve Bank of India (RBI) has instructed top lenders in the country to offer a certain number of free ATM transactions (including both financial and non-financial) in a month, irrespective of the location of ATMs. However, customers are charged for transactions at ATMs over and above these mandated number of free transactions, central bank said on its official website- rbi.org.in. Major banks, from state-run SBI to private sector lenders ICICI Bank and HDFC Bank, have certain rules applicable to their customers for making transactions at ATMs.
The ATM charges apply depending on the type - whether it belongs to the same bank where the customer's account is located or some other bank - and nature of ATM - whether the ATM is located in a metropolitan or any other city in the country.
Here's a comparison of ATM transaction charges by SBI, HDFC Bank, ICICI Bank and Kotak Mahindra Bank:
State Bank of India (SBI)
Here are the various charges of SBI's ATM cards as stated on sbi.co.in:
| Debit Card Issuance Charges | Normal (Classic/Global) | Nil |
| Gold Debit Card | 100/- (including service tax) | |
| Platinum Debit Card | 306/- (including service tax) | |
| Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards) | Classic Debit Card | 100/- plus service tax |
| Silver/Global /Yuva /Gold Debit Card | 150/- plus service tax | |
| Platinum Debit Card | 200/- plus service tax | |
| Pride/Premium Business Debit Card | 300/- plus service tax | |
| Debit Card Replacement Charges | Rs.204/- (including service tax) | |
| Duplicate PIN/ Regeneration of PIN | Rs.51/- (including service tax) | |
| Domestic Transaction Charges | Transactions at State Bank Group ATMs | Free |
| 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 service tax) | |
| Non-Financial Transaction | 6/- (including service tax) |
HDFC Bank
Here are the various charges of HDFC Bank's ATM cards as stated on hdfcbank.com:
| ATM / DEBIT CARD RELATED CHARGES | |
|---|---|
| ATM card | No Charge |
| ATM card - Replacement charges | Replacement of a lost card - Rs 200 (plus taxes) |
| ATM card - Transaction charge - non HDFC Bank domestic ATMs | No Charge (effective 1st Dec 2014) |
| Debit Card - Annual Fee - Regular | Rs 150 per year (plus taxes) (w.e.f. 25th Dec'14) |
| Debit Card - Renewal Fee - Regular | Rs 150 per year (plus taxes) (w.e.f. 25th Dec'14) |
| Debit Card - Annual Fee - Platinum | Rs 750 per year (plus taxes) (w.e.f. 1st June'15) |
| Debit Card - Renewal Fee - Platinum | Rs 750 per year (plus taxes) (w.e.f. 1st June'15) |
| Debit Card - Replacement charges | Replacement/Reissuance Charges for Debit Cards - Rs. 200 plus applicable taxes |
| Add-on debit card - Regular | One 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 ATMs | No Charge |
| Debit Card - Transaction charge - non HDFC Bank domestic ATMs | First 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 charge | Rs 50 (plus taxes) |
| Number of Cash transactions | 4 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 transactions | Any 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 transaction | Upto 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
Here are the various charges of ICICI Bank's ATM cards as stated on icicibank.com:
| Transaction type | Transaction charges |
|---|---|
| Joining Fee | Rs. 250 + GST as applicable |
| Annual Fee | Rs. 250 + GST as applicable |
| Lost card replacement | Rs. 199 + GST as applicable |
| Cash withdrawal from ICICI Bank ATM's | Free |
| Cash withdrawal from Non ICICI Bank ATM's | Rs. 20 per withdrawal + GST as applicable |
| Balance Inquiry from ICICI Bank ATM's | Free |
| Balance Inquiry from Non ICICI Bank ATM's | Rs. 8 per inquiry + GST as applicable |
Kotak Mahindra Bank
Here are the various charges of Kotak Mahindra Bank's ATM cards as stated on kotak.com:
| Debit Card Annual Charges | Classic / Titanium Debit Card | Rs 200 |
|---|---|---|
| Silk Classic Debit Card | Rs 200 | |
| Gold Debit Card | Rs 500 | |
| Platinum / My World Debit Card | Rs 750 | |
| World / World Exclusive Debit Card | Rs 750 | |
| Default Card | Platinum | |
| Other Debit Card Related Charges | Replacement of Lost / Stolen Debit Card | Rs 200 |
| Image Debit Card Issuance fee | Rs 199 | |
| Regeneration of PIN (sent through courier) | Nil |