ATM Transaction Charges: New Charges, Withdrawal Rules, Withdrawal limits, etc.

ATM is something that we use very often especially for withdrawing cash from our account. There are a lot of bank ATMs available throughout the world that can be used to withdraw money using a debit or credit card.

This however attracts charges levied upon the customer by banks to provide these banking services. In this article, we will discuss ATM Transaction Charges: New Charges, Withdrawal Rules, Withdrawal limits, etc.

ATM Transaction Charges New Charges, Withdrawal Rules, Withdrawal limits, etc.

ATM Transaction Charges

RBI has recently increased the interchange fee per transaction from ₹15 to ₹17 for financial transactions which is Rs.2 increase in the charges.  For non-financial transactions, the new charges have been changed from ₹5 to ₹6 in all centers.

There is also a ceiling on customer charges for transaction fees charged by the bank which is  ₹20 per transaction. The bank cannot charge the customer more than Rs.20 per transaction.

ATM Withdrawal Limits

The withdrawal limits are imposed by the banks and depend on the type of account and the type of debit/credit card you are using. Each bank has a different withdrawal limit. The following are some banks with the withdrawal limit-

SBI ATM Withdrawal Limit & Rules

SBI Classic Debit Card

State Bank Classic Debit CardDomestic
Daily Cash Limit at ATMsMinimumRs. 100/-
MaximumRs. 20,000/-
Daily Point of Sales/Online transaction limitMinimumNo such limit
MaximumRs. 50,000/-

SBI Global International Debit Card

SBI Global International Debit CardDomesticInternational
Daily Cash Limit at ATMsMinimumRs. 100/-Varies from ATM to ATM
MaximumRs. 40,000/-Varies from country to country, subject to a maximum of foreign currency equivalent of ₹ 40,000/-
Daily Point of Sales/ Online Transaction LimitMinimumNo such limitNo such limit but subject to local regulations.
MaximumRs. 75,000/-PoS Transaction Limit: Varies from country to country, subject to a maximum of foreign currency equivalent of ₹ 75,000/-
Online Transaction Limit: Maximum per transaction and month limit of foreign currency equivalent of ₹ 50,000/-, available only at select international online websites.

ICICI ATM Withdrawal Limit & Rules

State Bank Classic Debit CardDomestic
Daily Cash Limit at ATMsMinimumRs. 100/-
MaximumRs. 1,00,000/-
Daily Point of Sales/Online transaction limitNo such limit

ICICI Bank International Debit Card transaction fees

Mark up Fee3.5% + GST
ATM Cash withdrawal Fee abroadRs. 125 + GST
Balance Enquiry abroadRs. 25 + GST

PNB Bank ATM Withdrawal Limit & Rules

Type of CardWithdrawal limit
Rupay Classic and Master debit cardRs.25,000/- per day
Platinum and RuPay debit cardsRs.50,000/- per day

HDFC ATM Withdrawal Limit & Rules

Type of CardWithdrawal limit
Platinum HDFC Debit CardRs.1,00,000/- per day

Charges for International ATM transactions

TransactionCash WithdrawalBalance Enquiry
International ATM transactionRs. 125/- + applicable taxRs. 25/- + applicable tax

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