Mumbai: The cash withdrawal charges on ATMs will be hiked from January 1, 2022 The Reserve Bank of India (RBI) has announced this. As per the RBI, all cash and non-cash ATM transactions beyond the free monthly limit will be hiked.
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Bank customers are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs and also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs- three transactions in metro centers and five transactions in non-metro centers. All the other transactions will be charged Rs 21+ GST. At present the charge is Rs 20.
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