ATM withdrawal charges vary among SBI, PNB, HDFC Bank, and ICICI Bank. Each month, banks offer a limited number of free ATM transactions depending on the type of savings account. Once the limit is exceeded, additional fees are imposed. In June of last year, the RBI allowed banks to charge up to Rs. 21 per transaction at an ATM from January 1, 2022. As per the RBI circular dated June 10, 2023, customers are eligible for five free transactions per month from their own bank ATMs.
Here are latest ATM withdrawal charges of top banks like SBI, ICICI Bank, HDFC Bank and Punjab National Bank, as per the respective bank websites.
State Bank of India (SBI) ATM withdrawal charges
State Bank of India offers 5 free transactions (including financial and non-financial) at SBI ATMs for average monthly balances of up to Rs 25000 and above this amount, transaction is unlimited. Charges for financial transactions beyond the set limit is Rs 10 + GST at SBI ATMs and Rs 20 + GST at other bank ATMs.
Punjab National Bank (PNB) ATM withdrawal charges
PNB provides 5 free transactions per month at PNB ATMs located in Metro and Non-Metro Areas. After the stipulated limit, each transaction will cost Rs 10/- + applicable taxes.
At other bank ATMS, PNB offers three free transactions in metro cities and five free transactions in non-metro cities. After that, the bank would charge Rs Rs 21/- plus applicable taxes for financial transactions and Rs 9 plus tax for non-financial transactions.
HDFC Bank ATM withdrawal charges
HDFC Bank provides 5 free transactions at its ATMs. At other banks bank offer three free transactions in metro locations, after which it charges Rs 21/- plus applicable taxes for cash withdrawals.
ICICI Bank ATM withdrawal charges
When it comes to free withdrawals, ICICI Bank follows the same 3- and 5-transaction rules as other banks. Thereafter, Rs.20 per financial transaction and Rs. 8.50 per non financial transaction.
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