Big shock for those who withdraw cash from ATM! Withdrawing money will become expensive from May 1, know how much charge you will have to pay

New ATM cash withdrawal Rule 2025: If you withdraw money from ATM only once or twice a month, then you do not need to worry. But for those who withdraw cash from ATM frequently, we are telling them some easy tips, by which they can easily avoid the new increased charges.

ATM cash withdrawal Charges 2025: If you also often withdraw money from ATM, then there is an important news for you. From May 1, 2025, withdrawing cash from ATM after the free limit is going to be expensive. The Reserve Bank (RBI) has approved the increase in ATM charges. That is, now every time you withdraw money after the free limit is over, there will be a little more burden on your pocket. Let us know what effect this change will have on the common man and how it can be avoided.

How much has the fee for withdrawing money from ATM increased?

Till now, a charge of Rs 21 was levied for withdrawing cash from ATM after the free transaction limit was over. But from May 1, 2025, Rs 23 will have to be paid for every additional transaction. That is, if you withdraw money from ATM after the free limit, you will have to pay Rs 2 extra every time. This expense will increase for those who use ATM several times a month.

No change has been made in the free transaction limit

There has been no change in the free limit. This means that customers can still transact 5 times free from their bank's ATM every month. Apart from this, 3 free transactions from another bank's ATM in metro cities and 5 free transactions in non-metro cities will continue to be available. The new charge will be applicable only if you withdraw money more than the set limit.

Small banks have more impact on customers

Experts say that the increase in ATM charges will have the greatest impact on the customers of small banks. Small banks have fewer ATMs and they depend on the network of big banks. In such a situation, if the free transaction limit is over, then these customers may have to pay more money every time. In such a situation, to avoid high charges, some customers may also consider changing banks so that they get the facility of free transactions more often.

What is the reason for increasing ATM charges?

Banks and third party ATM operators (such as white-label ATM companies) were demanding an increase in the charges for a long time. They said that the cost of operating ATMs has increased a lot and they are incurring losses. On this, the National Payments Corporation of India (NPCI) recommended an increase in the charges to RBI, which has now been approved. Therefore, this new rule will come into effect from May 1.

Know how to avoid this

If you withdraw money from ATM only once or twice in a month, then you do not need to worry. But for those who withdraw cash from ATM frequently, we are telling you some easy tips...

• Transact within the free limit only.
• Use your bank's ATM as much as possible.
• Use options like digital payment, UPI or mobile wallet more so that the need for cash is reduced.

In this way, with a little understanding, you can easily avoid the new increased charges.

PC:NDTV India