ATM service charges increase from today, to cost Rs 21 per transaction
Published By : Prameya News Bureau | January 01, 2022 IST
Share
New Delhi, Jan 1: Automated Teller Machines (ATMs) across banks are all set to increase service charges per transaction from Saturday. The customers will have to ₹1 more beyond the permissible free transactions for cash as well as non-cash purposes, following an order from the Reserve Bank of India (RBI). As per the RBI notification dated June 10, 2021, from January 1, 2022, banks have been permitted to charge ₹21, instead of ₹20 with applicable taxes, if any, shall be additionally payable. However, the customers are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs. They 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. The last change in interchange fee structure for ATM transactions was in August 2012, while the charges payable by customers were last revised in August 2014. The RBI has notified the changes from January 1, 2022, citing the increasing cost of ATM deployment and expenses towards ATM maintenance incurred by banks or white-label ATM operators. (with ANI inputs)
News7 Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
Government hikes wages of MGNREGA job card holders
NITA Football Academy emerges victorious in IWL-2 encounter!
Arunachal was, is, and will remain an integral part of India: MEA
Govinda joins Shiv Sena in CM Shinde's presence; may be fielded from Mumbai North West
‘To browbeat and bully others is vintage Congress culture', says PM Modi on lawyers’ letter to CJI
Jhunjhunu LS constituency tops charts with highest centenarian women voters in Rajasthan
Excise policy case: Delhi court extends CM Kejriwal's ED custody till April 1
Heatwave conditions in Gujarat as several cities record around 40 degrees temperature
Sensex crosses 74K mark in 1000 points rally
Political conspiracy, claims Kejriwal while being taken to Rouse Avenue Court
Ladakh agitation intensifies as protesters threaten march to border with China
CM Kejriwal to be produced before Delhi court today as 6-day ED custody ends
Nobel-winning economist Daniel Kahneman dies at 90
Fresh petition filed in UP court to declare Taj Mahal as Shiva temple
BJP appoints election in-charges, co-incharges for states, UTs
PM Modi, party chief J.P. Nadda among BJP's star campaigners for Rajasthan
TN MP Ganeshamurthi dies at Coimbatore hospital 4 days after 'attempting suicide'
Nominations for 2nd phase in UP begins today
Rahul Gandhi likely to file nomination in Wayanad on April 3
Delhi HC gives Kejriwal no interim relief against ED arrest, custody; matter to be heard on April 3