All banks charge a fee in order to provide their facilities. One such paid service is ATM withdrawal, but only after free limits. ATM usage fees have been increased by several banks in recent times. As a result, customers have to pay more to use ATM services beyond the free transaction limit each month. This limit may differ depending on the type of account.
Withdrawal fees at ATMs of different banks
ATM fees for SBI
The State Bank of India (SBI) offers five free withdrawals in each region for its ATM. However, this number reduces to just three for other ATMs in metropolitan cities – namely Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad. Beyond this limit, SBI will charge Rs 10 for withdrawals at SBI ATMs and Rs 20 for withdrawals at non-SBI ATMs. Similarly, the fee will be Rs 5 for non-financial transactions beyond the limit set at SBI ATMs and Rs 8 for other bank ATMs.
ATM fees for HDFC Bank
HDFC Bank offers five transactions per month for free from its ATM. The number of free transactions in other ATMs in metropolitan cities is three and five in non-metropolitan cities. After that, Rs 21 – plus applicable taxes – will be charged for cash withdrawals and Rs 8.50, with taxes, will be charged for non-cash transactions.
ATM fees for ICICI Bank
ICICI Bank also follows rules 5 and 3, i.e. 5 free transactions from its ATM and 3 from other bank ATMs in six metro locations. After that, the bank will charge Rs 20 per financial transaction and Rs 8.50 per non-financial transaction. These fees apply to the use of ICICI Bank ATMs and non-ICICI Bank ATMs.
ATM fees for Axis Bank
The number of free transactions offered at its ATMs is five and at non-Axis Bank ATMs is three (in metropolitan areas). After this limit, 21 rupees will be charged for cash withdrawals and 10 rupees per transaction for non-cash transactions – at Axis and Non-Axis ATMs.
ATM fees for PNB
National Bank of Punjab offers five free transactions at its ATMs and three free transactions at ATMs of other banks (located in metropolitan cities). After that, the bank will charge Rs 10 for each transaction at PNB ATMs. Similarly, the bank will charge Rs 20 per financial transaction and Rs 9 per non-financial transaction at other ATMs.