Guwahati, March 31: The Reserve Bank of India (RBI) has announced an increase in the maximum chargeable fee for ATM transactions beyond the prescribed free limits, set to take effect from May 1, 2025. Under the new guidelines, banks may charge a maximum of ₹23 per transaction once customers exceed their monthly free transaction limits. This move is expected to impact frequent ATM users across the country.

The updated regulations apply to all Scheduled Commercial Banks, Regional Rural Banks (RRBs), Urban Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks, Authorized ATM Network Operators, Card Payment Network Operators, and White Label ATM Operators.

Under the revised framework, customers are entitled to five free transactions (financial and non-financial) per month at their bank’s ATMs. They are also allowed free transactions at ATMs of other banks, with three free transactions in metro centers and five in non-metro centers.

Beyond these free transactions, banks may charge a maximum of ₹23 per transaction.

This revision aims to balance operational costs for banks and ATM providers while maintaining accessibility for consumers.

Also Read: Recycle Bazzar: Transforming Shillong’s Waste Crisis into an Opportunity

Also Watch

Find latest news from every corner of Northeast India at hubnetwork.in, your online source for breaking news, video coverage.

Also, Follow us on-

Twitter-twitter.com/nemediahub

Youtube channel- www.youtube.com/@NortheastMediaHub2020

Instagram- www.instagram.com/ne_media_hub

Download our app from playstore – Northeast Media Hub