Atm Use Charge

Addressing a press conference on Tuesday, Finance Minister Nirmala Sitharaman announced that debit card users will not be levied any charge for the next three months if they withdraw cash from ATMs of other banks. She also added that the charge for not maintaining minimum balance in accounts will also be waived for three months.

Airtel Payments Bank customers can withdraw cash from ATMs through the USSD and MyAirtel app.

SBI has clarified that customers of its mobile wallet State Bank Buddy will be charged 3 per cent plus GST of 18 per cent on transfer from Buddy to bank account using IMPS.

After the revision in charges, for pulling out cash at ATMs using State Bank Buddy will attract Rs 25 per transaction.

ATM transactions from SBI's mobile app "Bank Buddy" will attract a Rs 25 charge per transaction.

Leading private bank HDFC has announced savings account customers will have to pay a Rs 150 charge for cash deposits or withdrawals in excess of four free transactions at bank branches. The development puts the HDFC's charges for transactions at par with its two competitors - ICICI and Axis banks - that had also suspended charges to be paid for cus...

There will be no charge on the use of debit cards for now, the government said today, announcing more measures to make the sudden notes ban easier on people. In the Supreme Court, the government said around 88 billion dollars have been deposited in banks since the ban on Rs 500 and Rs 1,000 notes on November 8.

HDFC Bank, the second largest private sector lender, has decided to discontinue issuing slips after cash withdrawals at ATMs and will alert customers through SMSs.

The Delhi High Court on Wednesday questioned the decision by the Reserve Bank of India (RBI) to put a cap on free withdrawals by banking customers using their ATM cards, saying account holders were being "unnecessarily taxed".

Under the new method, the number of free transactions in a month is fixed at five using own ATMs, while it has been capped at three for other banks' machines.

If you are the kind of person who has the habit of hopping across to your nearest ATM to withdraw small amounts of cash, because you cannot really rely on the use of plastic money, or are still not compatible with the idea of internet banking, there is a piece of bad news for you.

Banking consumers will have to pay more if they are prolific with ATM transactions as State Bank of India (SBI) and its private sector peers HDFC Bank and Axis Bank have capped the free usage in six metros at three.

Staring today, using ATMs to withdraw money or for other purposes like balance enquiry beyond five times in a month will attract a charge of Rs 20 per transaction.

From November, frequent use of bank ATMs will cost you more. The Reserve Bank of India has reduced free transactions in other bank ATMs to three per month in six metropolitan cities. Banks have also been allowed to levy charges beyond five transactions per month at own-bank ATMs.

The reduction will, however, not be applicable to customers having basic or small savings bank accounts as well as for ATMs located outside Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad.

Addressing a press conference on Tuesday, Finance Minister Nirmala Sitharaman announced that debit card users will not be levied any charge for the next three months if they withdraw cash from ATMs of other banks. She also added that the charge for not maintaining minimum balance in accounts will also be waived for three months.

Airtel Payments Bank customers can withdraw cash from ATMs through the USSD and MyAirtel app.

SBI has clarified that customers of its mobile wallet State Bank Buddy will be charged 3 per cent plus GST of 18 per cent on transfer from Buddy to bank account using IMPS.

After the revision in charges, for pulling out cash at ATMs using State Bank Buddy will attract Rs 25 per transaction.

ATM transactions from SBI's mobile app "Bank Buddy" will attract a Rs 25 charge per transaction.

Leading private bank HDFC has announced savings account customers will have to pay a Rs 150 charge for cash deposits or withdrawals in excess of four free transactions at bank branches. The development puts the HDFC's charges for transactions at par with its two competitors - ICICI and Axis banks - that had also suspended charges to be paid for cus...

There will be no charge on the use of debit cards for now, the government said today, announcing more measures to make the sudden notes ban easier on people. In the Supreme Court, the government said around 88 billion dollars have been deposited in banks since the ban on Rs 500 and Rs 1,000 notes on November 8.

HDFC Bank, the second largest private sector lender, has decided to discontinue issuing slips after cash withdrawals at ATMs and will alert customers through SMSs.

The Delhi High Court on Wednesday questioned the decision by the Reserve Bank of India (RBI) to put a cap on free withdrawals by banking customers using their ATM cards, saying account holders were being "unnecessarily taxed".

Under the new method, the number of free transactions in a month is fixed at five using own ATMs, while it has been capped at three for other banks' machines.

If you are the kind of person who has the habit of hopping across to your nearest ATM to withdraw small amounts of cash, because you cannot really rely on the use of plastic money, or are still not compatible with the idea of internet banking, there is a piece of bad news for you.

Banking consumers will have to pay more if they are prolific with ATM transactions as State Bank of India (SBI) and its private sector peers HDFC Bank and Axis Bank have capped the free usage in six metros at three.

Staring today, using ATMs to withdraw money or for other purposes like balance enquiry beyond five times in a month will attract a charge of Rs 20 per transaction.

From November, frequent use of bank ATMs will cost you more. The Reserve Bank of India has reduced free transactions in other bank ATMs to three per month in six metropolitan cities. Banks have also been allowed to levy charges beyond five transactions per month at own-bank ATMs.

The reduction will, however, not be applicable to customers having basic or small savings bank accounts as well as for ATMs located outside Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad.