ATM usage cost up by Rs 2 to Rs 23/withdrawal after free monthly usage limit

New Delhi, 1/5: The RBI’s instructions on revised ATM usage cost have come into effect from Thursday under which banks can charge Rs 23 per cash withdrawal once a customer exhausts the free permissible limit in a month.

Earlier, banks were allowed to charge up to Rs 21 per such transaction. Customers are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank Automated Teller Machines (ATMs).