ATM fee raised from Rs 21 to Rs 23 per transaction effective May 1: RBI

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Reserve Bank of India on March 28 said ATM fee has been raised from Rs 21 to Rs 23 per transaction effective May 1, 2025.

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“Customers are eligible for five free transactions (inclusive of financial and non- financial transactions) every month from their own bank ATMs,” said RBI.

ATM interchange fee will be decided by ATM network, said the banking regulator.

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Bank customers are also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs viz. three transactions in metro centres and five transactions in non-metro centres. “Beyond the free transactions, customer may be charged a maximum fee of ₹23 per transaction. This shall be effective from May 1, 2025,” said RBI.

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An ATM interchange fee is a charge that one bank pays to another for offering ATM services to customers.

Before this, RBI revised the interchange fee in June 2021.