atm transaction charges

India's digital payments are getting a security boost from April 1 with stricter RBI authentication rules, requiring two-factor verification for all transactions to combat rising fraud. Beyond digital payments, changes affect credit cards, FASTags, RuPay cards, PAN applications, and banking services, alongside a new income tax framework, aiming for a safer financial ecosystem.

Some of the changes affect credit card users, FASTag subscribers, RuPay debit cardholders. Here are some of the key revisions scheduled for implementation from the start of the new financial year.

Anibal Alexander Canelon Aguirre, a leader of the transnational gang Tren de Aragua, has been added to the FBI's Ten Most Wanted Fugitives list. He is accused of orchestrating a large international conspiracy that deployed crews to the U.S. to steal millions from financial institutions through ATM jackpotting. The stolen funds allegedly supported the designated foreign terrorist organization.

Emirates NBD is waiving ATM withdrawal fees across the UAE and GCC until March 31, 2026, to ease financial access amid regional disruptions. This move also includes free debit card replacements and delivery, offering crucial support to stranded travelers and residents navigating travel uncertainties. The initiative aims to ensure uninterrupted access to funds during a turbulent period.

Starting May 1, 2025, the RBI's revised ATM transaction framework will introduce changes to free limits and charges. Customers get three free ATM transactions in metro areas and five elsewhere. Beyond these, a Rs 23 fee applies, prompting banks like HDFC and PNB to notify customers of the updated charges, aiming to streamline usage and promote digital banking.

The Reserve Bank on Thursday permitted banks to increase charges for cash and non-cash ATM transactions beyond free monthly permissible limit from next year.

Starting May 1, 2025, ATM users in India will face revised transaction charges as per the RBI's updated fee framework. Customers in metro cities get three free transactions, while non-metro areas get five. Beyond these limits, banks can charge up to Rs 23 per transaction, excluding taxes, impacting both financial and non-financial transactions at ATMs and CRMs.

The Reserve Bank of India in a circular on Monday directed banks to waive ATM charges for their customers and others till December 30, 2016.

With effects of demonetisation still being felt across the country, customers are upset that the government has not rolled back ATM usage charges or capped debit card transaction fees, till situations turns normal.

Cash withdrawal charges from bank branches may be back post-demonetisation, but the salary account holders, senior citizens and high-networth ‘preferred’ customers need not worry about it. There will be no charges on any number of transactions in private sector bank counters as well as ATMs, if you belong to any one of the above categories. In government-run banks like SBI, there will be no bar on free ATM transactions if the account holder has a minimum specified balance.

The last change in interchange fee structure for ATM transactions was in August 2012, while the charges payable by customers were last revised in August 2014.

Starting July 1, 2025, ICICI Bank is set to revise service charges across various banking transactions. These revisions include fees on demand drafts, ATM usage, cash deposits and withdrawals, and debit card services, impacting both metro and non-metro customers. While some exemptions are provided for senior citizens, most services will see increased charges.

I: A pricing anomaly in the banking system is resulting in the most efficient means of funds transfer being disincentivised through charges even as the more expensive cheques and ATM withdrawals are made available for free.

New Delhi, Aug 17 () The Delhi High Court has dismissed a PIL against the cap on free-of-charge withdrawals by banking customers from own bank ATMs, saying it was a policy decision.

Banks on Wednesday said that they will refund customers any ATM transaction fee charged after the Reserve Bank of India's announcement waiving all such charges.